Yahoo’s Buying Spree Continues

Yahoo continues to acquire Web 2.0 companies. Today, it’s Del.icio.us, the social bookmarking site.
yaliciouslogo.jpg
According to Tech Crunch, Yahoo now owns the two most important tagging properties on the web – flickr and del.icio.us.
Greg Yardley speculates that Yahoo paid between $30 to $40 million for the company. His thinking considers that Union Square Ventures, the VCs that backed Del.icio.us in the first place, would need a 10x return on their money to justify a sale.
[via Micropersuasion]

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About David Burn

Native Nebraskan seeking the perfect pale ale in the Pacific Northwest. Copywriter and brand strategist at Bonehook. Co-founder and editor of AdPulp.