snip.it

Yahoo buys Snip.it, a Pinterest clone for content curators

Update, 3:20 p.m. PT: Snip.it confirmed that it was acquired by Yahoo. Terms of the deal were not disclosed.

Yahoo has acquired Snip.it, a Pinterest-like service for saving articles to collections and sharing them with groups.

Yahoo is paying "mid teens" of millions of dollars for the content discovery site and will announce the deal this week, according to AllThingsD, which cited sources familiar with the deal.

Snip.it was founded by Ramy Adeeb, a former principal at Khosla Ventures, to help people better collect and share content -- articles, images, and videos -- … Read more