Yahoo Acquires Flickr

Well the rumors that have been circulating for weeks are true, Yahoo is acquiring the web-based photo sharing site, Flickr. A post on the FlickrBlog says that Flickr's parent company has been acquired by the folks in Sunnyvale. The post also notes that Flickr WILL NOT become Yahoo Photos but Yahoo Photos and other Yahoo services (Yahoo 360?) will offer Flickr features

Yahoo isn't commenting on the acquisition at this time but the Wall Street Journal notes that people close to the deal have said
that Yahoo/Flickr deal would be for "well less than $50 million."

Last week, Yahoo announced and Danny blogged about the upcoming launch of the blogging/photo sharing/bloggine service, Yahoo 360.