Yahoo Acquires Jumpcut

TechCrunch is reporting Yahoo has acquired Jumpcut an online video editing service.

Here’s what Jumpcut has to say about the deal…

We have worked hard to pioneer great online video editing technology that can truly enhance the online video world by enabling anyone to become a creator. Joining forces with Yahoo! Video will provide the resources to bring Jumpcut users and our partners more great social media experiences. As part of Yahoo! we’ll be working on bringing video editing and remixing to everyone with an Internet connection.

And they have a cute video too!