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Hypergene MediaBlog » Yahoo gets Delicious

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Friday, 09 Dec 2005

Yahoo gets Delicious

According to CNet, Yahoo has struck again with a high-profile purchase of a social media/networking site:

Yahoo, the world’s largest Internet media site, has acquired Del.icio.us, a popular Web site that helps users share links to their favorite sites...Del.icio.us has only nine employees. Venture backers include Union Square Capital, Amazon.com and BV Capital, among others. Some 300,000 users have shared more than 10 million of their favorite links to Web sites.

Congratulations to Joshua Schachter, Albert Wenger, Chris Fralic and the rest of the team.

Update: Del.icio.us blog and Union Square Ventures blog.

Posted on Dec 09, 2005 | 9:36 pm EST
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