twitter.jpgIPNews® – Twitpic, the service that helped Twitter users share images, has announced that it will be acquired by a buyer following the threat of a shutdown earlier this month.

Twitpic’s founder Noah Everett said he would rather quit than launch an unwinnable trademark battle against Twitter which had opposed his trademark application for Twitpic. Twitter not only objected to Twitpic’s trademark application filing, but also threatened to cut off the image-hosting site’s access to its application programming interface (API).  To continue reading, click: Twitpic Resurrected Following Twitter Trademark Dispute