Yahoo! on April 27 sold Delicious to YouTube founders Chad Hurley and Steve Chen, who promised to continue and grow the popular social bookmarking site. Hurley and Chen, who sold YouTube to Google for $1.65 billion in 2006, said they planned to integrate Delicious with their new San Mateo, California-based Internet company AVOS.
"We're excited to work with this fantastic community and take Delicious to the next level," AVOS chief executive Hurley said in a statement. "We see a tremendous opportunity to simplify the way users save and share content they discover anywhere on the Web," Hurley said.
The YouTube co-founders said they would seek to use Delicious to "develop innovative features to help solve the problem of information overload."
Yahoo! said it will continue to operate Delicious until July, when users will transitioned over to AVOS.
Yahoo! said the sale of Delicious was part of a product strategy that "involves shifting our investment with off-strategy products to put better focus on our core strengths and fund new innovation."
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