Snip-It Announces Acquisition by Yahoo

Snip.it announced the following on their web site

is Joining Forces with Yahoo!

We are excited to share some big news: Snip.it has been acquired by Yahoo!. For the past year and a half, we've worked tirelessly as a team to build the best social news platform on the web. We've been absolutely blown away by the breadth, depth and quality of the content you guys share on Snip.it every day. You helped make it a treasure trove of unique content, and we cannot thank you enough for your contributions to the platform, as well as your valuable feedback on the product. We are thrilled at the opportunity to bring Snip.it's vision to a larger scale at Yahoo!. While we can't share the specifics of what we'll be building, we are excited about the opportunity to take social news to new, exciting heights at Yahoo!. The Yahoo! team is passionate about inspiring and entertaining the world's daily habits, and certainly sharing news and information is something we all do every day. The vision and energy at the company is contagious, and we're so excited to be part of all that is to come. As of today, we will no longer support snipping. However, we've built a few options for you to download and export all your snips. The download link will be available until February 21, 2013.