Salt * Wet * Fish

Yahoo buys social bookmarking firm Del.icio.us
‘It’s a good fit in every dimension,’ says Del.icio.us CEO Joshua Schachter

News Story by Juan Carlos Perez

DECEMBER 10, 2005 (IDG NEWS SERVICE) - Yahoo Inc. has acquired Del.icio.us, a New York-based startup considered a pioneer in social bookmarking, a type of online service that lets users save, annotate and tag links to their favorite Web pages and share their lists with other users.

Both Yahoo and Del.icio.us separately announced the deal yesterday via postings on official blogs. Financial terms were not disclosed.

kw says:
Haizzz… looks like we gonna see only a few giants in the Internet at the rate they are buying up companies. Not that this is any worst, sometimes it gives better connectivities between these services…except we still have to contend with the fact the the giants won’t want to talk to each other, just like MSN messenger and Yahoo Messenger.

“Together we’ll continue to improve how people discover, remember and share on the Internet, with a big emphasis on the power of community,” Del.icio.us founder and CEO Joshua Schachter wrote in his company’s official blog.

In the official blog from the search engine unit at Yahoo, Jeremy Zawodny wrote that the Del.icio.us team will be working “in close proximity” to Flickr, a photo-sharing service that Yahoo bought in March of this year.

“Just like we’ve done with Flickr, we plan to give del.icio.us the resources, support, and room it needs to continue growing the service and community,” Zawodny wrote.

Flickr works in a very similar way to Del.icio.us by letting users not only create online photo albums but also tag and share their pictures with other users.

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