YouTube Founders Acquire Delicious from Yahoo

Posted 04/28/2011 at 11:33am | by Paul Lilly

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Yahoo found a pair of buyers for its Delicious social bookmarking site. Chad Hurley and Steve Chen, who you might recognize as the founders of YouTube, paid an undisclosed sum to acquire Delicious. Whatever that sum is, it's a safe bet that they paid significantly less than the $1.65 billion they made from selling YouTube to Google back in October 2006.

"We spoke with numerous parties interested in acquiring the site, and chose Chad and Steve based on their passion and unique vision for Delicious," said John Matheny, SVP of Communications and Communities at Yahoo.

If you have a Delicious account, you'll need to login and agree to let Yahoo transfer your bookmarks to the new owner. By doing so, you'll continue uninterrupted use of Delicious and keep your account and all your bookmarks. If you choose not to, Delicious will still be available in its current form until July 2011, and after that you'll no longer be able to use your account or access your existing bookmarks or account information.