YouTube creators buy Delicious from Yahoo

YouTube founders Chad Hurley and Steve Chen have acquired social bookmarking outfit Delicious.

The on-line video pioneers snapped up the popular Internet aggregating outfit from ailing Yahoo for an undisclosed sum, but the pair won't have struggled too hard to raise the cash as they are still sitting on most of the $1.78 billion Google coughed up for YouTube after just 18 months in business.

Hurley and Chen are now running an new Internet company called Avos, details of which are few and far between, other than being based in San Mateo California.

The company says it will soon be hiring "individuals as passionate as we are about using technology as a disruptive, positive force to change the world" in order to build "the best information discovery service" which doesn't give much away either.

Avos says it will "continue to provide the same great service users love and to make the site even easier and more fun to save, share, and discover the web’s tastiest content."

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

Chen chipped in saying the company would work closely with current Delicious users to help solve the problem of information overload. "We’re excited to work with this fantastic community and take Delicious to the next level," he said. “We see a tremendous opportunity to simplify the way users save and share content they discover anywhere on the web.”

Yahoo will continue to run the service until July 2011 and from today users will be asked to log into the service afresh in order for bookmarks and other info to be transferred over to the new owners.

Avos and Delicious have provided a comprehensive FAQ if you need more info.