Yahoo (YHOO) confirms it has acquired Snip.it, a Pinterest-like site for posting articles that...
Jan 22 2013, 18:37 ET
Yahoo (YHOO) confirms it has acquired Snip.it, a Pinterest-like site for posting articles that catch a user's attention - AllThingsD had earlier reported a deal was close, and that the price tag is in the "'mid teens' of millions of dollars." The deal appears to be a technology/talent purchase - Snip.it effectively says it's shutting down its site. News of the acquisition comes a day after Kara Swisher reported Yahoo is aiming to be a Google-like hub for discovering content from around the Web. (OntheAir) (Stamped)