Yahoo Announcement: Delicious Acquired by AVOS, Founders of YouTube

Yahoo Announcement: Delicious Acquired by AVOS, Founders of YouTube

YouTube Founders Acquire Delicious From Yahoo!

AVOS is former reseller of YOUTUBE to GOOGLE

Yahoo! is excited to announce that Delicious has been acquired by the founders of YouTube, Chad Hurley and Steve Chen. As creators of the largest online video platform, Hurley and Chen have firsthand expertise enabling millions of consumers to share their experiences with the world. Delicious will become part of their new Internet company, AVOS.

To continue using Delicious, you must agree to let Yahoo! transfer your bookmarks to AVOS. After a transition period and after your bookmarks are transferred, you will be subject to the AVOS terms of service and privacy policy.

Reasons to let Yahoo! transfer your bookmarks

• Continue uninterrupted use of Delicious.

• Keep your Delicious account and all your bookmarks.

• Enjoy the same look and feel of Delicious today plus future product innovations.

What happens if you do not transfer your bookmarks

• Delicious in its current form will be available until approximately July 2011.

• After that, you will no longer be able to use your existing Delicious account and will not have

access to your existing bookmarks or account information.

About AVOS

AVOS is a new Internet company founded by Chad Hurley and Steve Chen who, in 2005, founded YouTube, the world's largest online video platform. Before YouTube, Hurley and Chen were early employees at PayPal, a leading online payment service that is now part of eBay. Delicious will become a part of AVOS, based in San Mateo, California.

“We’re excited to work with this fantastic community and take Delicious to the next level,” said Chad Hurley, CEO of AVOS. “We see a tremendous opportunity to simplify the way users save and share content they discover anywhere on the web.”

“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!

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. “We see this problem not just in the world of video, but also cutting across every information-intensive media type,” said Chen.

Going back to their roots, Hurley and Chen located Delicious in downtown San Mateo, California, blocks away from where they started YouTube. They’re aggressively hiring to build a world-class team to take on the challenge of building the best information discovery service on the web.

About Delicious

Delicious is the leading social bookmarking service for saving, sharing, and discovering web bookmarks. Started in 2003 and acquired by Yahoo! in 2005, Delicious has built a passionate, worldwide community of millions of users. In 2011, Delicious was acquired by the founders of YouTube, Chad Hurley and Steve Chen. Previously, they co-founded YouTube, the world’s largest video site in 2005, which was acquired by Google 18 months later for $1.76B. Delicious is part of AVOS, a new Internet company based in San Mateo, California.

Yahoo Announcement: Delicious Acquired by AVOS, Founders of YouTube

YouTube Founders Acquire Delicious From Yahoo!

AVOS is former reseller of YOUTUBE to GOOGLE