After receiving seed-stage financing from Charles River Ventures, Khosla Ventures, SV Angel and True Ventures, San Francisco startup Snip.it has been acquired by Yahoo! (NASDAQ: YHOO) for a reported $10 million. The company’s services allow users to bookmark, “clip” and arrange news items in an aesthetically pleasing, Pinterest-style way. The acquisition, which provides an exit for Snip.it's investors, comes as part of Yahoo!’s strategy to snap up companies with well-designed apps and strong engineering teams.
