Thursday, April 28, 2011

Yahoo Sells Delicious To You Tube Founders

Yahoo's Delicious, which was reportedly slated to be shuttered, will live on thanks to YouTube co-founders Chad Hurley and Steve Chen, who have agreed to purchased the site.

“We’re excited to work with this fantastic community and take Delicious to the next level,” said Hurley said in a statement. “We see a tremendous opportunity to simplify the way users save and share content they discover anywhere on the web.”

Yahoo has finally found a buyer for long suffering Delicious. YouTube founders Chad Hurley and Steve Chen have acquired the company, says Yahoo, via a “new Internet company, AVOS.” We’re still gathering details, but here’s the official stuff:

Today YouTube founders Chad Hurley and Steve Chen announced they have acquired the Delicious technology from Yahoo!. They plan to continue the service that users have come to know and love and make the site even easier and more fun to save, share and discover the web’s “tastiest” content.

Providing a smooth transition for users is important to both companies. There will be a transition period where users can elect to sign up for a new account. Users’ public and private bookmarks will be maintained through the transition period and transferred as they are today when it is complete.

As we have said, part of our product strategy involves shifting our investment with off-strategy products to put better focus on our core strengths and fund new innovation. We believe this is the right move for the service, our users and our shareholders and look forward to watching the Delicious technology develop.

(Reference :

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