YouTube Founders Rescue Delicious

Thursday Apr 28th 2011 by Staff

The social bookmarking site previously owned by Yahoo will become an "information discovery service."

Wired: YouTube founders Chad Hurley and Steven Chen have purchased the Delicious social bookmarking site from Yahoo. Delicious will become part of the duo's current company AVOS, which will “take on the challenge of building the best information discovery service on the Web.”

Yahoo purchased Delicious for $30 million in 2005, but the site recently appeared on a slide containing properties Yahoo planned to close down or sell.

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