Yahoo’s Buying Spree Continues

Yahoo continues to acquire Web 2.0 companies. Today, it’s Del.icio.us, the social bookmarking site.
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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]

About David Burn

I wrote my first ad for a political candidate when I was 17 years old. She won her race and I felt the seductive power of advertising for the first time. Today, I'm the founder and creative director at Bonehook in Portland, Oregon. We bring integrated marketing solutions to our clients in healthcare, human services, real estate, fashion, outdoor recreation, and food and beverage.