MyBlogLog Acquired by Yahoo for $10M

In the second social media acquisition by Yahoo! story in the last 12 hours, news has emerged that Yahoo! has agreed to acquire MyBlogLog. MyBlogLog is a blog community and analytics tool used here on TechCrunch (see sidebar) and many other blogs around the web. Just recently out of beta, the site gained traction in a hurry. The company is rumored to have gone for about $10 million. Requests for comments by different media outlets haven’t been replied to yet.

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