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.More details about the deal over at Reuters.
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."
Yahoo acquires Del.icio.us
Posted on Saturday, December 10 2005 @ 1:13 CET by Thomas De Maesschalck