Yahoo! Snaps Up Snip.it
January 24, 2013- Share:
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.
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