Yahoo acquires Del.icio.us

Posted on Saturday, Dec 10 2005 @ 01:13 CET by Thomas De Maesschalck
Yahoo announced the acquisition of social bookmarking website Del.icio.us.
Joshua Schachter, the founder of Del.icio.us, confirmed a posting on the New York-based start-up's site that the company had been acquired by Yahoo. A Yahoo spokeswoman confirmed that the agreement to buy Del.icio.us had closed on Friday.

Financial terms were not disclosed.

"We are joining forces to build my vision of creating a way for people to remember things together," Schachter told Reuters in a phone interview. "It is a shared memory site."
More details about the deal over at Reuters.


About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.



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