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March 15, 2012 09:05 pm GMT

Aol Snaps Up Hyper-Local Photosharing App Hipster

AOL HipsterBreaking: Aol (who is my employer somehow) has picked up local photosharing app Hipster for a low seven figures we're hearing. The Hipster team of five will be working for the Aol mobile team out of Palo Alto, under badass Sol Lipman.CEO Doug Ludlow confirmed the acquisition to us in an email, saying he will serve as director of mobile product management, a job that will involve, in part, being an evangelist for Aol's mobile efforts to other mobile teams and startups.

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