YouTube Founders Purchase Delicious from Yahoo
The YouTube founders Chad Hurley and Steve Chen bought the social bookmarking service Delicious from Yahoo Inc. and will make it a part of their newly founded Internet company Avos.com. The selling price remains undisclosed at the moment.
Delicious was started in 2003 and bought by Yahoo couple of years later. Yahoo announced its plans to sell or close the service in December last year when the search giant claimed it doesn’t fit its future strategy.
“We spoke with numerous parties interested in acquiring the site, and chose Chad and Steve based on their passion and unique vision for Delicious,” John Matheny, SVP of Communications and Communities at Yahoo! said in a statement.
The transition will be completed in July 2011 until when Delicious users can transfer their bookmarks to Avos. Upon logging into the service, users can choose to move their data to the new owner. Those users who opt-out to shift their data over will lose their bookmarks after the when the transition period is complete. More information about the transition can be found at Delicious FAQ page.
Yahoo said that Hurley and Chen will continue the service and “make the site even easier and more fun to save, share and discover the web’s “tastiest” content.”
“We’re excited to work with this fantastic community and take Delicious to the next level. We see a tremendous opportunity to simplify the way users save and share content they discover anywhere on the web,” Chad Hurley, CEO of AVOS said in a statement.
Hurley and Chen chose downtown San Mateo, California, as a location for Delicious the same neighborhood where they first started YouTube. The YouTube co-founders are on a massive hiring spree building a high-powered team that will take on the mission of “building the best information discovery service on the web.”