Monday, January 08, 2007

Y! buys MyBlogLog

The rumors have been flying for a few weeks, and turns out they were all true. Yahoo has bought MyBlogLog for about $10-$12 million (exact dollar amount not confirmed). I've written about MBL here and here, so I won't bore you with another profile. Basically, great company, and the purchase is especially meaningful for me because their CEO is Scott Rafer, my fearless leader from over the summer. So congrats to him and the entire MBL team, and good luck working for Yahoo.

Update: I figured I should link to GigaOm's article on the acquisition. Gotta love the web - news that it was official traveled so fast that I called Scott to congratulate him while he was still at dinner with Om.

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