28 Comments

Summary:

So who’s laughing now? The news of Yahoo and Flickr hooking up is finally official. Applause… and those of you who were laughing and ridiculing my exclusive.… well happy millions. This right from the Flickr blog.: Holy smokes, SOMEBODY out there is bad at keeping secrets!! […]

So who’s laughing now? The news of Yahoo and Flickr hooking up is finally official. Applause… and those of you who were laughing and ridiculing my exclusive.well happy millions. This right from the Flickr blog.:

Holy smokes, SOMEBODY out there is bad at keeping secrets!! Yes! We can finally confirm that Yahoo has made a definitive agreement to acquire Flickr and us, Ludicorp. Smack the tattlers and pop the champagne corks! Woohoo! What does this mean? It means that we’ll no longer have to draw straws to see who gets paid, schedule conjugal visits between trips to the colo….wait!

Jeff calls is safety strategy. I call it “New Road to Riches” which if you buy Business 2.0, you might have read last year. The new road is – build it, flip it, or in this case scream Yahoo! My sources tell me the price tag is close to $35 million, and not rumored $30 million.

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  1. Ives Leutenegger Sunday, March 20, 2005

    Congratulations to the Ludicorp team! I believe it was absolutelly the right time to sell!

    The main problem business models in the area of web services, such as online photo storing services or hosted blogging services, suffer is that everyone can build a me-too product in almost no time…

    Companies in this space should definitively think about protecting their innovation by filing for patents.

    I know that many people are not friends of Intellectual Property, but as a small start-up it’s very difficult to compete with companies such as Google, Yahoo or Microsoft once they decide to enter the market and to copy your inventions. They simply can allocate a team of experts, built a competitive service within weeks and advertise it to their customer base.

    We will see how start-up companies such as SixApart will develop in the future…

  2. False Positives Sunday, March 20, 2005

    And Flickr makes 3

    Now watch Stewart and Caterina do the dance of joy! (and Caterina will no long threaten to kick their ass). It’s nice to see a Vancouver crew hit one out of the park. And remember: Om Malik called it first.

  3. John Roberts Sunday, March 20, 2005

    I don’t speak for my editorial colleagues, but I’m curious why you seem to have an axe to grind with CNET News.com.

  4. not an axe to grind – but every single time you guys get credits mixed up and never mention the bloggers who break the stories. and no its not me i am talking about there – it has happened so many times before that i get irked by it.

  5. John Roberts Sunday, March 20, 2005

    Got tired of the small comment window. ;-) See my further response at clock, my personal blog.

  6. john Well if that is not the case, well how about mashing up the who got the news on Lj-SA first, or more recently the one about Virgin Electronics shutting down. Need i bring up more examples. Glenn Fleishman and Rafat Ali would have a lot to add about that -

  7. Om
    The litany of woes against News.com runs long…the problem is their posing: the internal word is: oh, when we were new, it happened to us. So if it is happening to you now, just suck it up. The arrogance stems from the top, but I’ll leave it at that…
    Om, I’ll chime in more after others do…

  8. Kaushal Karkhanis Monday, March 21, 2005

    New Road to Riches was an awesome read – practical business sense! Excel and sell. :) I’m eager to see how the Yahoo!-Flickr! deal opens up new vistas for photobloggers and taggers. Buzznet is also cool, yes, that too may get picked up soon – but it could surely use some Flash!

  9. jB: no – that’s definitely not good enough Monday, March 21, 2005

    Surprise!? Yahoo! buys Flickr

    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…

  10. Yahoo Goes Shopping in Canada

    Om Malik must be a happy man today after Ludicorp Research & Development Ltd. was acquired by Yahoo Inc. – a deal disclosed/predicted by Om, who wrote about the company last year in Business 2.0. Vancouver-based Ludicorp makes popular photo-sharing sof…

  11. Yuckr

    And so it is confirmed, Yahoo had acquired Flickr. (more accurately, they had acquired Ludicorp, the company behind Flickr.) Photomatt called t

  12. This deal certainly raises the value proposition of buzznet and fotolog. lets see how this shakes out.

  13. View from the Isle – Professional Blogging & Blog Consulting Monday, March 21, 2005

    Flickr-hoo! Update–$30-35 million

    Word is this morning that the deal is worth $30-35 million.  SiliconBeat is calling $30, Om Malik is calling $35.  I’m going with Om. …

  14. View from the Isle – Professional Blogging & Blog Consulting Monday, March 21, 2005

    Flickr-hoo! Update–$30-35 million

    Word is this morning that the deal is worth $30-35 million.  SiliconBeat is calling $30, Om Malik is calling $35.  I’m going with Om. …

  15. View from the Isle – Professional Blogging & Blog Consulting Monday, March 21, 2005

    Flickr-hoo! Update–$30-35 million

    Word is this morning that the deal is worth $30-35 million.  SiliconBeat is calling $30, Om Malik is calling $35.  I’m going with Om. …

  16. Alex Rowland Monday, March 21, 2005

    The Flickr deal brings to light more details of Yahoo! and their current strategy as it relates to RSS (and Media RSS). A quote from Caterina Fake is very telling:

    “The things that were important to us were: being open, building
    innovative stuff and kicking ass. Were these people OUR people?
    Yes. See the stuff Yahoo’s announced recently (including, of
    course,this)? They’re evolving in really interesting ways —
    and from our look inside, we know that there’s a lot more
    coming.�

    I believe this is the first step in a series of efforts by Yahoo! to focus a lot more attention on “citizen’s mediaâ€?-type products and services. They’ve integrated a relatively simple and effective RSS feed reader into their my.yahoo.com and they’re certainly not going to stop there. Flickr is a natural extension of this strategy and will be integrated directly into my.yahoo.com. (I would expect some promising TV/video integration shortly.) The bottom line is that Yahoo! has gotten religion on the whole idea that consumers are also producers of digital media (and that this market may someday rival the existing mass-market for digital content). Expect my.yahoo.com to feature very prominently in Yahoo!’s overall business plan and expect to see a whole range of open media aggregation efforts in the near future. (That Semel guy isn’t following the path that most Hollywood execs would have. I predict Yahoo! will be scary successful in this effort.)

  17. $35 Million for all that Flickr Hype?

    That is probably less than a penny per fawning article/blog in the last 15 months….

  18. Denken Über Monday, March 21, 2005

    El precio de Flickr!

    Se está reportando y rumoreando que Yahoo! para comprar a Flickr puso entre u$s30 y u$s35 millones de dólares “on the table”, nada de stocks.

    Pero como.. ¿¿Vuelven los 90 y nadie me avisó??…

  19. Yahoo-Flickr deal: $30 million or $35 million? Less?

    Robert “Scobleizer” Scoble asked the question: “How much was Flickr paid?” Depending on whom you believe, as low as $15 million or as high as $30-$35 million.

    SiliconBeat/Mercury News’ Michael Bazeley comments on  the Yahoo-Flickr deal:

  20. Stephan Spencer’s Scatterings Monday, March 21, 2005

    Yahoo! buys Flickr. Damn that was a smart purchase!

    No secret that I think Flickr is hot stuff (just refer back to my recent posts about Flickr here and here). It’s definitely Web 2.0 material. Flickr investors like Esther Dyson must be pretty happy right now, but Yahoo! stockholders should be even hap…

  21. as far as Cnet & News.com not crediting sources, here is a good example post on a friends site. http://www.threadwatch.org/node/1208

  22. Like It Matters Thursday, April 7, 2005

    3Q’s: Om Malik

    Om Malik covered broadband before broadband was cool. As a founding editor at Forbes.com, a senior writer at Red Herring (the *real* Red Herring as he would say), and as an invesment analyst during a stint at a VC firm….

  23. Johnnie Manzari Sunday, April 10, 2005

    The Fragmented Consumer Photography Space

    I came across the new website for Layers Magazine recently. It’s focused on tips and tricks for Adobe’s professional products and features an overview of Vanishing Point that’s worth checking out. What does this have to do with fragmentation…

  24. Profile: BuzzNet

    Company: BuzzNet

    Founded: March 2003
    Location:
    Buzznet, Inc.
    2404 Wilshire Blvd. #11b
    Los Angeles, CA 90057
    (213) 252-8999 phone
    (213) 252-8955 fax
    What is it?
    BuzzNet is a photo-sharing community. It’s hard to talk about BuzzNet without…

  25. TechCrunch » Profile: BuzzNet Saturday, January 21, 2006

    [...] about Press, media Corporate Site Faq On Technorati adding BuzzNet pics Technorati Tag: Buzznet Bitsplitter on buzznet v. flickr Om Malik on buzznet Furl Search on Buzznet [...]

  26. Somewhat Frank Monday, December 25, 2006

    MyBlogLog Slips In Pictures Feature?…

    MyBlogLog, the product focused on creating a connected blogosphere community, appears to have slipped a new pictures feature into the product. MyBlogLog users can now upload images to their account to be on displayed for the rest of the community…

  27. Everything you wanted to know about Flickr but were afraid to ask Wednesday, August 29, 2007

    [...] acquired Flickr in March 2005 for a price tag of around US$35M according to Om Malik. Today’s Flickr value is probably closer to the Billions than the Millions. It’s truly an [...]

  28. 6 AM Pacific » Blog Archive » Company of One Sunday, November 18, 2007

    [...] internet with just a few developers. It took in no venture capital and sold itself to Yahoo for an estimated $30-35 million. An extreme case of a one-man company already looking at a billion dollar plus valuation is a site [...]

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