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TwitPic has been acquired and will continue providing image hosting, the company announced from its Twitter account today. The terms of the deal (and the acquiring company) haven’t been announced yet, but the important news is that all of the images people have uploaded to the service will live on.

The news comes two weeks after TwitPic announced it was shutting down on September 25 rather than face a trademark infringement lawsuit from Twitter, causing consternation among frequent tweeters who relied on the service to host their images.

The acquisition comes after TwitPic started blocking efforts from the Archive Team to download all of the images from the service. Now, it seems that block may have been a result of the company’s acquisition talks.

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