Bix announced today that they have signed an agreement to be acquired by Yahoo!
Bix is a 16-person company headed by Mike Speiser. Bix is an online community which has grown tremendously since its inception with over one million visitors to date.
Contests on Bix can to be started by Bix members or by corporate sponsors. Winners are selected by the largest vote tally.
Bix CEO Mike Speiser will continue running Bix. He will also be responsible for Yahoo! Groups, 360, and Photos under the title VP of Community.
Financial terms of the deal were not disclosed.