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Yahoo to buy photo-sharing site Flickr
Tuesday, 22 March 2005, 08:49 GMT

MAR. 21 1:40 P.M. ET Ludicorp Research & Development Ltd. President Stewart Butterfield on Monday confirmed Internet portal Yahoo Inc. will acquire the privately held company, which operates photo-sharing Web site Flickr.

Butterfield would not disclose terms of the deal, but said Yahoo will release an official statement during the afternoon. There was much speculation Yahoo was interested in acquiring Vancouver-based Ludicorp, whose Flickr service allows users to easily swap photos.

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