Yahoo has announced that its bookmarking service DELICIOUS will be under new ownership. YouTube founders Chad Hurley and Steve Chen, will acquire the website under their company AVOS.
In an email sent to all Delicious users yahoo stated the following:
"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."
Chad and Steve were also early employees of paypal. Their company AVOS runs from San Mateo, California.
Yahoo has stated that members have the option of automatically transferring their bookmarks under the new ownership. If not they will loose their bookmarks after July 2011.