Google Poaches Flickr's Photo Editor by Acquiring Picnik: It's ON! (But Not Really)

According to a blog post from Picnik, Google has today finalized the purchase of the online photo-editing startup. There's no word on the exact terms of the acquisition, but judging from the enthusiasm positively bursting from this interview with Picnik's chief executive, it worked out to a pretty tidy sum for Picnik's 20 employees.

It's also got some interesting implications for Google and online photo services as a whole, because Picnik (no relation to the similarly-spelled weekly Canadian...