Report: Yahoo in Buyout Talks with Bit.ly
URL-shortening startup Bit.ly is in in the early stages of acquisition talks with internet giant Yahoo and others, according to a report by GigaOm.
Bit.ly lets users submit long URLs (Web addresses), and spits out corresponding short ones that are only a few characters long. The service is widely used on Twitter, which limits the number of characters that users can put in a post.
“The interest in the company has increased over the past 60 days or so.
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