Flickr is bought out by SmugMug for an undisclosed price

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Flickr was purchased by Yahoo in 2005 for $20 million. On Friday, the photo hosting site was bought out by SmugMug, a similar type of site but focused (no pun intended) on professional photographers. On SmugMug's website yesterday, the company celebrated its acquisition of Flickr by saying that the combination represents "the world's most influential photographer-centric community." The price of the transaction was undisclosed.

Founded in 2004 before the mobile revolution, Flickr wound up as part of Verizon when the carrier picked up Yahoo last year for $4.5 billion. The site has more than ...
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