One-time Canadian photo-sharing darling Flickr has been acquired by San Francisco-based SmugMug.
The deal ends months of uncertainty for Flickr, which had been stuck in limbo following Verizon’s acquisition of its parent company, Yahoo, for $4.5 billion USD.
Terms of the deal were not disclosed.
In an interview with USA Today, SmugMug CEO Don MacAskill said Flickr will continue as a standalone service. He also said he’s committed to providing the platform with the resources it needs to thrive, though admitted SmugMug is still sketching out its plan for Flickr.
“I don’t know what the future holds. This is a new model for me,” MacAskill said in his interview with USA Today. “We certainly think we need to operate it with an eye to our cash flow and our profitability. We are going to have to take a detailed look at the business and make sure it’s growing and healthy.”
Co-founded in 2004 by Canadian serial entrepreneur Stewart Butterfield, Yahoo acquired Flickr in 2005. Since then, the company has had its ups and downs.
After leaving Flickr in 2008, Butterfield went on to found workplace chat app Slack.
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