NORTHBROOK, Ill.--(BUSINESS WIRE)--Blipfoto (http://www.polaroidblipfoto.com), the Edinburgh, Scotland based online daily photo journal and social networking service, announced today that it has been acquired for an undisclosed amount by a US based investment group. The transaction is expected to secure a long term future for the innovative photo sharing platform and its extremely loyal online community. Joe Tree, the founder of Blipfoto identified the new owners as recognized brand turnaround