The acquisition was confirmed by Delicious, which confirmed the deal via its blog. Yahoo will continue to operate the site until July, when it will pass to AVOS, which is being run by the founders of YouTube, Chad Hurley and Steve Chen.
"Today, we're pleased to announce that Delicious has been acquired by the founders of YouTube, Chad Hurley and Steve Chen. As creators of the largest online video platform, they have firsthand experience enabling millions of users to share their experiences with the world," Delicious said in its blog post. "They are committed to running and improving Delicious going forward."
What started off as a leaked screenshot on Twitter, which launched a large amount of speculation, turns out to be a number of products being merged or killed by Yahoo! Following their recent round of layoffs, it appears that the company announced at an internal meeting that they will be refocusing their efforts, and this includes cutting down on their number of products and services. According to the screenshot, products to be shut down include MyBlogLog, Yahoo! Picks, AltaVista, Yahoo! Bookmarks, Yahoo! Buzz and Delicious. Others will be merged into other offerings.
While there is no official announcement yet, a Yahoo! spokeperson said: "Part of our organizational streamlining involves cutting our investment in underperforming or off-strategy products to put better focus on our core strengths and fund new innovation in the next year and beyond. We continuously evaluate and prioritize our portfolio of products and services, and do plan to shut down some products in the coming months such as Yahoo! Buzz, our Traffic APIs, and others. We will communicate specific plans when appropriate." The reactions have been quite vivid on Twitter and Facebook, especially as it pertains to Delicious, a social bookmarking service.
Read More | Yahoo! News
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