Yahoo buys Snapchat rival Blink

|By:, SA News Editor

The deal for undisclosed terms comes days after Snapchat settled FTC charges accusing it of deceiving customers by promising photos sent on its service disappeared forever after a certain amount of time.

Yahoo (YHOO) has yet to comment on the purchase, which was announced on the Blink website, but the deal is the latest in a number of small, mobile start-ups acquired since Marissa Mayer took the helm.

Snapchat, of course, famously rejected a $3B purchase offer from Facebook late last year.