With Marissa Mayer at the helm, Yahoo is continuing to flex its M&A muscles, with a special focus on startups with smart teams that have made well-designed apps. The latest target: Snip.it, the San Francisco-based startup that created a web application for clipping news articles and arranging them in a visually compelling Pinterest-like format. The deal, which has been rumored to be in the works for several weeks now, was first reported this morning by AllThingsD's Liz Gannes and subsequently confirmed by both Yahoo and Snip.it this afternoon.Source: http://feedproxy.google.com/~r/Techcrunch/~3/cE94sPhIUBc/
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