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March 21, 2005

: Flickr finally announced via its blog this afternoon what founders have oh-so-coyly been denying sidestepping for weeks: parent company Ludicorp is being acquired by Yahoo for the traditional undisclosed amount. Or as VP Marketing & Community Caterina Fake posted: "We can finally confirm that Yahoo has made a definitive agreement to acquire Flickr and us, Ludicorp. Smack the tattlers and pop the champagne corks!"
I was actually working with my Flickr stream when I flipped over to Bloglines (recently acquired by Ask ) and noticed a post from Jeff Jarvis. Wondered if I was seeing things since the lead Flickr news item showing on my page was about a new feature added Mar. 18. The lead item at Ludicorp is from Jan. 18. Given the ramp-up time on this deal a tad better organization could be expected ...
So how will this deal work? According to the Flickr post:
-- Flickr will not morph into Yahoo Photos, which will get some Flickr features. Other areas around Yahoo "will also be Flickrized where Flickrization would be good."
-- Free accounts will have more storage and uploads; pro accounts also will be improved and the price, currently $59 a year (discounted to $41.77), will be cheaper.
-- The Flickr staff will be staying on.
Given our digital meme feature, can't pass this up -- Flickr won best blog "meme" at the 2005 Bloggies this weekend.
Update: Yahoo spokeswoman Joanna Stevens tells CNET News that Flickr will remain a standalone site for now but that its staff will relocate from Vancouver, BC, to Yahoo HQ in Sunnyvale. "We look forward to working with them for their innovation and product development across the Yahoo Network in the coming months."

Via PaidContent.org


Originally from PaidContent.org, remediated by yatta on Mar 21, 2005 at 11:38 AM