The hip online photo sharing site, Flickr was snapped up by Internet Giant Yahoo, according to a flickr company blog entry yesterday. Yahoo will also acquire Vancouver, B.C.-based Ludicorp Research & Development Ltd, the parent company of Flickr.

Confirmation of this deal comes after several weeks of speculation on blogs from Ludicorp managers.

Flickr allows users to upload digital photos from computers and camera phones, publish photos in their blogs, share digital photo albums with anyone else, and alert other users whenever they upload a new photo or album.

Features of Flickr will be added to Yahoo Photos, but the two services will remain separate for now.

The company's slogan is, "This isn't your grandfather's photo-sharing site," and photos are categorized in unique ways reports physorg.com/