I hear via Groovy Mother that Yahoo does actually acquire Flickr.

"Holy smokes, SOMEBODY out there is bad at keeping secrets!!  Yes! We can finally confirm that Yahoo has made a definitive agreement to acquire Flickr and us, Ludicorp. Smack the tattlers and pop the champagne corks!

Woohoo! What does this mean? It means that we'll no longer have to draw straws to see who gets paid, schedule conjugal visits between trips to the colo....wait! That's not what you want to know. This is what you want to know:"

Other acquisition related news today, Ask Jeeves looks like it will get gobbled up (ASKJ owns Bloglines).  Even Bob the Builder is getting into the action.Bob the Builder