Yahoo buys MyBlogLog

MyBlogLog, the distributed social network for blogs and other online publishers, has been purchased by Yahoo. The fee has not been disclosed, though Forbes is reporting that it's around $10 million. 

Rumors of a Yahoo buyout have been circulating the blogosphere for a few months now, but have always been denied. When I interviewed co-founder Eric Marcoullier last month, I asked him about the speculation. Here is what he had to say:

We love that rumor — it brought us a lot of traffic. Can you spread a rumor that someone else bought us? I hear that Nabisco's been snooping around.

I guess that's one way to fend off tough questioning from an "experienced" tech pundit ;) Congratulations Eric and team.

Related post: Interview: MyBlogLog co-founder, Eric Marcoullier