Yahoo! Inc. (NasdaqGS:YHOO) acquired Snip.it from Khosla Ventures, True Ventures and other investors on January 22, 2013. Nine of Snip.it's 10 member team will join Yahoo. Mark Seneca, Harold Yu, Steve Malvey, Vivian Lo and Michael Yang of Orrick, Herrington & Sutcliffe LLP acted as the legal advisor for Snip.it. O'Melveny & Myers, LLP acted as the legal advisor to Yahoo! Inc.

Yahoo! Inc. (NasdaqGS:YHOO) completed the acquisition of Snip.it from Khosla Ventures, True Ventures and other investors on January 22, 2013.