Yahoo! buys MyBlogLog – Yep, it’s confirmed

Boy o' Boy was Yahoo! was busy yesterday! First the mobile news, now the blog news. Finally the deal that was on again, off again, on no off, is now on. Forbes is reporting that Yahoo! purchased MyBlogLog for just over $10 million.

Bradley Horowitz, VP strategy at Yahoo said, "This closes the loop between readers and publishers. Every publisher wants to know his readers, and the readers want to find out about each other. It’s the power of implicit networking."

More information on Mashable. My personal take is that I like the idea of community on the MyBlogLog site but I don't like the widget on a site as the general public really has no reason to see what sites I visit.