Yahoo Buys Delicious for Undisclosed Amount

Posted on December 9, 2005

Blogspotting's Heather Green reports that Yahoo has acquired Del.icio.us, the very popular social bookmarking tool, from Joshua Schachter.

The service has over 300,000 subscribers. Schachter would not say how much he sold the site for. He did tell BusinessWeek, "We're going to continue to build our vision but with more resources, technology and distribution."

Yahoo will be joining the recently acquired Flickr photo tagging service. It will be interesting to see how Yahoo blends it in with its social bookmarking tool called My Web 2.0. There are many bookmark sharing tools like LookSmart's Furl, SearchFox, Kaboodle, Simpy, Jots and Spurl but del.icio.us is the most popular. One tool that could compete with del.icio.us is Digg, a bookmark sharing tool for tech news. Digg is growing rapidly and recently announced plans to expand into non-tech areas.
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