The rumours are over, as the official Flickrblog now confirms that indeed Yahoo has purchased photo-sharing application extraodinaire Flickr. This is a great move, I think, for Yahoo. Now comes the question of whether they will sit on the app like Google has done pretty much with Blogger or really intergrate and continue to innnovate. The explanation via Flickrblog:

Flickr will be continuing on the path it's on — to Flickr 1.0 and beyond. We'll be working with a bunch of people that Totally Get Flickr and want to preserve the community and the flavor of what is here. We're going to grow and change, but we're in it for the long haul, with the same management and same team.

Flickr is a photo sharing service that allows users to tag and share photos and send via email, computer or camera phone. It came along after competing service Textamerica had blazed the photo-taking/sharing scene and Flickr attracted users who really liked the smooth Flash-based interface. Soon, Yahoo users will be able to use their Yahoo! ID to sign into and use FlickR.

A slightly different version of this post originally appeared at Things That ... Make You Go Hmm.