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Yahoo swoops in

Mybloglog-1YahoobangYahoo's back on the acquisition path. In addition to the acquisition of Bix, the internet corp has agreed to buy MyBlogLog, a social network for weblog visitors, for about $10m. The startup had been seeking venture funding, but attracted the attention of Toby Coppel and other Yahoo execs at the recent Web 2.0 conference. The deal was arranged over the weekend. (Thanks for your help piecing this one together, tipsters.)

9:01 AM on Fri Nov 17 2006
By Nick Denton
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