San Francisco – YouTube co-founders Chad Hurley and Steve
Chen announced on Wednesday that they have acquired social bookmarking service
Delicious from Yahoo (NASD: YHOO).
Financial terms of the transaction were not disclosed.
Delicious will become part of the pair’s new start-up, AVOS, and "continue
to provide the same great service users love."
"We spoke with
numerous parties interested in acquiring the site, and chose Chad and Steve
based on their passion and unique vision for Delicious," said John
Matheny, SVP of communications and communities at Yahoo.
Delicious was founded
in 2003 and acquired by Yahoo in 2005.
The YouTube founders "plan to work
closely with the community over the next few months to develop innovative
features to help solve the problem of information overload" at San Mateo,
Calif.-based AVOS, which is currently "aggressively hiring to build a
world-class team to take on the challenge of building the best information
discovery service on the web."