Delicious.com, the social bookmarking service, has been acquired from Yahoo! by the founders of YouTube, Chad Hurley and Steve Chen. YouTube was acquired by Google in 2007 for $1.76B. Delicious will become part of AVOS, a new Internet company.
“We’re excited to work with this fantastic community and take Delicious to the next level,” said Chad Hurley, CEO of AVOS. “We see a tremendous opportunity to simplify the way users save and share content they discover anywhere on the web.”
The YouTube founders plan to work closely with the community over the next few months to develop innovative features to help solve the problem of information overload. “We see this problem not just in the world of video, but also cutting across every information-intensive media type,” said Chen.
Going back to their roots, Hurley and Chen located Delicious in downtown San Mateo, California, blocks away from where they started YouTube. They’re aggressively hiring to build a world-class team to take on the challenge of building the best information discovery service on the web.
USA, San Francisco, CA & USA, San Mateo, CA
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