San Francisco: Twitpic is being acquired in a deal that will give renewed life to the widely used service for sharing pictures on Twitter.
It is a stark reversal in fortunes after Twitpic said in a blog post early this month that it would be shutting down on September 25 because its bid to trademark its name was being opposed by San Francisco-based Twitter.
"We`re happy to announce we`ve been acquired and Twitpic will live on!" the company said in a message fired off on Twitter on Thursday.
Twitpic left the identity of the buyer a mystery, along with specifics of the take-over.
"We will post more details as we can disclose them," Twitpic said.
Twitter had threatened to essentially close the door to Twitpic photos or videos if the startup didn`t withdraw its trademark application, according to the blog post.
Twitpic said it launched in early 2008 and filed to trademark its name with US patent officials the following year.