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