Jumpcut, a multimedia upload/share/edit/mashup site that launched about six months ago, has announced they’ve been acquired by Yahoo on their blog, and the Yahoo Search blog has confirmed it. No terms have the deal have been reported.

Along the lines of Sony acquiring Grouper a few weeks back, this appears to be an acquisition for the people/technology opposed to buying a site with a large and established user base.

Early theories are that Jumpcut technology could be integrated with Yahoo Video, as well as other Yahoo-owned properties like Flickr and Upcoming.org.

Even though it seems pretty clear Yahoo will want to use Jumpcut’s technology, it’ll be interesting to see if Jumpcut remains a standalone site. I imagine it will because Yahoo has left it’s previous acquisitions in the social media space relatively untouched, and as delicious recently announced their growth since being acquired by Yahoo has been tremendous.