Chad Hurley and Steve Chen, founders of YouTube have acquired Delicious. Wait what? Didn't Yahoo acquire Delicious back in 2005 for like $10 million? The answer is yes, but evidently Yahoo is selling off its acquisitions.

Delicious, formerly "del.icio.us" is a social bookmarking site- it allows you to keep track of bookmarks and access them from any computer, thus eliminating the frustration of having to access particular browsers on particular computers. We're not sure about the details of this reacquisition, but it can't an altogether bad thing to be under the auspices of the guys that brought us the most addictive website since.....uh.....ever?

Delcious will continue under Yahoo until July of 2011, and if you're a current user, the transition will be "seamless". Check out their site and/or the press release below for more details.

April 27 2011
YouTube Founders Acquire Delicious

Today, we're pleased to announce that Delicious has been acquired by the founders of YouTube, Chad Hurley and Steve Chen. As creators of the largest online video platform, they have firsthand experience enabling millions of users to share their experiences with the world. They are committed to running and improving Delicious going forward.

Providing a seamless transition for users is incredibly important for both companies. Yahoo! will continue to operate Delicious until approximately July 2011. When the transition period is complete, your information will be moved over to Delicious' new owner.

Starting today, we will ask you to login to Delicious again and agree to let Yahoo! transfer your bookmarks to the new owner. That way, you'll enjoy uninterrupted use of the service and will keep your account and all of your bookmarks when we make the transition. For more information on the Delicious transition, please refer to this FAQ.

Thank you for your patience in this time of transition and thank you for using Delicious!