TwitPic acquired by unknown buyer

The image-hosting company was in danger of shutting down

TwitPic, the image-hosting company that two weeks ago said it would shut down after a trademark dispute with Twitter, has apparently been acquired, keeping its service alive.

"We're happy to announce we've been acquired and TwitPic will live on!" the company said Thursday in -- and why not -- a tweet.

TwitPic said it will provide more details when it can disclose them. It didn't immediately respond to a request for comment.

The company said earlier this month that it would be shutting down Sept. 25, after Twitter demanded it abandon its trademark or risk losing access to Twitter's API (application programming interface).

Since 2008, TwitPic has provided a platform that lets people share their photos and videos on Twitter. Its service has become less relevant over the years as Twitter made it easier to upload photos directly.

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