Yahoo buys photo sharing site Flickr

Yahoo has bought Ludicorp Research and Development - the company behind popular photo sharing site

According to this company blog Flickr is going to continue with business as usual - except it won't have to draw straws to decide who gets paid. No financial terms were disclosed

Flickr lets you set up an online photo album and organise images and allow other people to leave comments about your pictures.

Read the complete story here. (The Register)