Yahoo! purchases Flickr
21 March 2005
Yahoo! has bought Canada's Ludicorp Research & Development, which runs the internet photo sharing service Flickr.
Flickr provides a way to store, sort, search and share photos online. Although no purchase price was disclosed, the deal is likely to have cost less than $50 million.
Joanna Stevens, a spokeswoman for Yahoo! told ZDnet: "We look forward to working with them for their innovation and product development across the Yahoo Network in the coming months."
Flickr will apparently remain a standalone site for now, but plans are afoot to relocate staff to California from Vancouver at some point. Experts predict it will be absorbed into Yahoo!'s new Yahoo! 360 blogging service.
Flickr promises that current management will remain in place and will not be turned into "a bunch of suits". The companies will continue separately, while Yahoo! will gain some of Flickr's features.
Internet giant Yahoo! has taken over the online photo-sharing site in a bid to expand its presence in the growing blog market.
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