Avos Systems, the brainchild of YouTube founders Chad Hurley and Steve Chen, has given up on Delicious. It’s selling the social bookmarking service to Science Inc., a tech investment firm
run by former MySpace CEO Michael Jones. “The deal is effectively a bet by Mr. Jones that he can reinvigorate a company that has seemed like a perpetual fixer-upper,” The New York Times
reports. Indeed, Avos bought Delicious from Yahoo, which bought itself the service in 2005.Read the whole story at The New York Times »
