According to a post on the company blog, Snip.it has been acquired by Yahoo for what Cnet.com is reporting to be in the “ten’s of millions of dollars”
“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.
Download my data We’ve also created a Snip.it Hall of Fame, where we’re honoring some of the top contributors to the Snip.it community. We’ve included their Twitter handles so you can continue to stay connected and follow their insights.
We are so grateful for all of your support. We’d also like to thank our investors, family and friends. We wouldn’t be anywhere without your guidance.”
Here’s to new adventures in 2013!”