Yahoo has made a definitive agreement to acquire Flickr
, an online photo management and sharing application. The application will be getting maintained and developed, preserving the existing community and enhancing what is already there.
Yahoo Photos will get a lot of Flickr features, and there are alot of other areas around Yahoo that will also be Flickrized where Flickrization would be good. Yahoo Photos and Flickr have different kinds of users with different needs, and will remain separate for the foreseeable future.