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March 20, 2005 06:39 PM
Oh, And Flickr Goes to Yahoo..
More on that too, later....
From their statement:
Flickr is happy to confirm that it has signed definitive agreements to be acquired by Yahoo!. We feel this deal will benefit the Flickr community by aligning the great resources of Yahoo!, a more robust infrastructure, broader reach of consumers and big company resources and the cool, innovative technology and features that Flickr has to offer. We are excited to see where two such strong forces can go together.
- Posted by John Battelle on March 20, 2005 06:39 PM
TrackBack URL: http://battellemedia.com/cgi-bin/mt/mt-tb.cgi/1302
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Listed below are links to weblogs that reference Oh, And Flickr Goes to Yahoo..:
» InterActive Corp to buy Ask Jeeves from SiliconBeat
InterActive Corp is about to acquire Ask Jeeves, the country's fourth-ranked search engine, for $1.9 billion, according to the New York Times. The deal could be announced as early as tomorrow, the Times said. This is a big deal: Ask Jeeves seemed to tr... [Read More]
- Tracked on March 20, 2005 08:31 PM
» InterActive Corp to buy Ask Jeeves from SiliconBeat
InterActive Corp is about to acquire Ask Jeeves, the country's fourth-ranked search engine, for $1.9 billion, according to the New York Times. The deal could be announced as early as tomorrow, the Times said. This is a big deal: Ask Jeeves seemed to tr... [Read More]
- Tracked on March 20, 2005 08:57 PM
» InterActive Corp to buy Ask Jeeves from SiliconBeat
InterActive Corp is about to acquire Ask Jeeves, the country's fourth-ranked search engine, for $1.9 billion, according to the New York Times. The deal could be announced as early as tomorrow, the Times said. This is a big deal: Ask Jeeves has trailed ... [Read More]
- Tracked on March 20, 2005 09:46 PM
» Surprise!? Yahoo! buys Flickr from jB: no - that's definitely not good enough
It's all around the blogs and news today: Yahoo! acquired Ludicorp and therefore their most important product called Flickr, the new google these days concerning coolness-factors... [Read More]
- Tracked on March 21, 2005 03:52 AM
» Flickr/Yahoo Rumors True from Random Culture
Well, the rumors proved to be true... Ludicorp has been bought by Yahoo!, which means Flickr isn't an underdog anymore. It will be interesting to see how this shakes out. Will Yahoo! integrate the Flickr functionality into other services? According [Read More]
- Tracked on March 21, 2005 05:55 AM
» InterActive Corp to buy Ask Jeeves from SiliconBeat
MONDAY UPDATE: We wondered last night what Wall Street would think of a combined IAC/Ask, and whether it would value the merged company more than the sum of its parts. Turns out, as of about 10am PST, after several hours of mulling over what the prospe... [Read More]
- Tracked on March 21, 2005 10:07 AM
» Yahoo!ã?®Flickrè²·å?é¢é£è¨äº from ã½ã¼ã·ã£ã«ã?ããã¯ã¼ãã³ã°.jpã
ï¼ã?ãæ?ã?ã?ã??ã?ªãã?æºã?¾ã?£ã?¦ã?ã?Bloglinesã?®Flickré¢é£ã
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- Tracked on March 25, 2005 03:14 AM
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Comments
Will Flickr survive the Yahoo mega-monster? Yahoo has so many other services that Flickr will probably be buried between the Yellow Pages and the People Search.
I think that this is the best move, for both companies. The viability of Flickr as a potential independent, TSX-traded company would seriously be questioned as I don't believe the social networking and photo sharing phenomenon can ever achieve sustained profitability and revenue growth like major e-commerce and Internet services businesses like Yahoo! and Google can. So, I'm glad Flickr, or its privately-held Vancouver, BC-based owner Ludicorp Research and Development Ltd., decided not to go the initial public offering route.
It's with a little bit of patriotic sadness at the loss of an Canadian Internet "star" that is wholly founded by Canadians and continued to be based in my home province of British Columbia. Nonetheless, being part of Yahoo! will allow it to grow without being pressured to ever produce profits or growing sales by its shareholders as Yahoo! will simply be happy with the massively loyal and dedicated Flickr users it attracts, to which Yahoo! can passively push paid, subscription-based Yahoo! Network services.
It's also interesting to note that Ludicorp was one of the first companies to receive start-up financing from the B.C. government's small business and venture capital fund. Cool.
As far as going to Yahoo!, it's better for another reason: Yahoo! has one of the best records of acquisitions. Not only does it consolidate all of its acquired companies domain names and other assets into a single portfolio, it lets them operate better under their own brand within the multi-faceted Yahoo! Network and branding.
So it's good all around. I was definitely glad to see Yahoo! snap it up before Google could.
Cheers,
Doug
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