Yahoo! Adds to Its Portfolio

Joshua Schachter, the founder of, confirmed a posting on the New York-based start-up’s site that the company had been acquired by Yahoo. Financial terms were not disclosed, he said.The acquisition of marks the second major acquisition by Yahoo of a leading “social networking” site, following the Sunnyvale, California-based company’s purchase of popular photo sharing site Flickr earlier this year.

Yahoo Acquires Shared Bookmark Site

This is huge.  Yahoo now has some very significant social networking assets.  Let’s hope they put them to good use.

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