Yahoo! acquires snip.it

YahooYahoo! has acquired snip.it, a digital scrapbooking site.

This is the third acquisition since Marissa Mayer became CEO last year. In October, Yahoo! acquired Stamped, a New York-based mobile startup that allows consumers to share information about favorite restaurants and music on their smartphones. In December Yahoo! acquired video chat company OnTheAir. Both the previous acquisitions were made by Yahoo’s mobile group.snipit

Terms of the deal were not disclosed. AllThingsD reported that “Yahoo is paying “mid teens” of millions of dollars for the company”

See the announcement at snip.it’s website here.

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