Loom, the cloud storage and organization service and app for photos and videos, has been bought by Dropbox. Loom allowed you to quickly and easily share photos from your iPhone and Mac through the cloud, and was about to face some tough competition from Dropbox and their recently-announced Carousel app.
Carousel integrates with Dropbox's cloud storage and can automatically upload and organize your photos. While the terms of the deal weren't disclosed, Loom did announce that they are no longer accepting new users and will be shutting down their service in one month.
Full story from the iMore Blog...
Facebook
Twitter
Instagram