Yahoo Buys Snip.it For ‘Mid-Teens’ Of Millions Of Dollars

Yahoo has bought Snip.it, described as a Pinterest-like site for article curation, for a price in the “‘mid-teens” of millions of dollars” according to All Things D.However the sale won’t make it on to charts such as Domain Name Journal’s top reported domain name sales as the sale combines a domain name and an existing business.It is likely Yahoo though is looking at changing the site as they develop it as it has advised it is giving users until 21 February 2013 to download their data.The Snip.it team say they are “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!.”Snip.it has been in existence since November 2011 and is Yahoo!’s third acquisition under the leadership of Marissa Mayer, the first not centred on mobile.