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Submission + - Google Buying Geotagging site Panoramio (gigaom.com)

gavinpquinn writes: "Google is at it again, purchasing Panoramio, a geo-tagging service for photographs. They have had a partnership with Google Earth for the past year and have seen tremendous growth since then. Google has finally agreed to purchase Panoramio for an undisclosed amount. How will this affect competition — http://www.flagr.com/ http://www.flickr.com/maps/, and http://www.grapheety.com/ ? Google announced recently they were looking to do more M & A in the Geotagging area looking for high quality teams of people."

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