YouTube Founders Go Back to Their Internet ‘Roots’ and Buy Delicious From Yahoo

BEVERLY HILLS, CA - JUNE 12: YouTube founders Chad Hurley and Steve Chen attend the The 35th Annual Visionary Awards at the Beverly Hilton Hotel on June 12, 2008 in Beverly Hills, California. (Photo by Jason LaVeris/FilmMagic) Photo: Jason LaVeris/2008 Jason LaVeris

YouTube co-founders Chad Hurley and Steve Chen just gave a bunch of Delicious loyalists a nerdgasm. The two are putting part of the $1.65 billion they got from selling to Google toward buying the pioneering bookmarking site. A leaked presentation from Yahoo seemed to indicate that the company wanted to "sunset" the service as part of its cost-cutting measures, but Yahoo claims it intended to find another home for Delicious even before the backlash from fans. Hurley, who left YouTube in November to launch a menswear line (yes, you read that right), and Chen positioned the move as "going back to their roots.” Famous co-founders, a rapid base of early adopters ... is that a stampede of investors we hear in the distance? [Bits/NYT]