Logicbank Media

Business 2.0 speculates on the Del.icio.us sale to Yahoo!  While confirmation on the details of the deal haven’t been made to date, Business 2.0 writes:

Joshua Schachter is surrounded by lawyers and his phone is ringing off the hook.  He just sold his two-year old company, del.icio.us, to Yahoo today for an undisclosed sum (estimated to be in the $15 million to $30 $20 million range).  “All I want is to go home and sleep right now,”  says the 31-year-old founder, who started the site as a hobby before quitting his job at Morgan Stanley to build the company.  His nine-person startup has 300,000 registered users, and in the past month or so traffic to del.icio.us has tripled, as more and more people get hooked on posting, tagging, and sharing Web bookmarks with each other.

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