Jerry Yang is on stage right now, and at the same time Chris Andersen pointed me to the Flickr Blog which states that Yahoo has, in fact, acquired Flickr.
http://blog.flickr.com/flickrblog/2005/03/yahoo_actually_.ht
Funny, I saw Fake at SXSW and at eTech where everyone was asking her about the Yahoo deal. This has to be the most open secret in the web business in a long time.
congrats to the team at Flickr from start to sale in, what, a year and a half?