Though spokesmen from Yahoo is not yet saying it clearly but they are not denying completely. So rumor has it, Yahoo sold out Delicious for $5 million. To be noted here – Yahoo acquired Delicious in 2005 for $18 million.
Mashable and other tech site reporting that Yahoo sold out Delicious. It seems true as well, as yahoo previously reported that their $18 million dollar Delicious is not bringing them much. And according to Delicious founder who already left Yahoo, said Yahoo never tried to really monetized Delicious.
And the information flying around its could not be said that in this situation $5 million is a bad price for Delicious.
A Yahoo rep emailed Mashable back and said –
“Part of our organizational streamlining involves shifting our investment in underperforming or off-strategy products to put better focus on our core strengths and fund new innovation in the next year and beyond.
“We’re actively thinking about the future of Delicious and we believe there is a home outside the company that would make more sense for the service, our users and our shareholders. We’re in the process of exploring a variety of options and will communicate specific plans when appropriate.”
Still we hope Delicious could find a new home and could regain back its position. What do you think?