Sunnyvale, Calif. - Yahoo announced that it has acquired Jumpcut, a developer of online video editing tools. Financial terms of the deal were not disclosed. Launched earlier this year, San Francisco-based Jumpcut offers a Web-based application that lets users make basic edits and add some professional features to personal videos, often before uploading them to blogs or video-sharing sites like YouTube.
http://blog.jumpcut.com/2006/09/27/jumpcut-joins-the-yahoo-family
http://biz.yahoo.com/rb/060927/media_jumpcut_yahoo.html?.v=3 (Reuters)
http://www.jumpcut.com