There has been so many rumors spreading around and catching the attention of bloggers. However, some of this rumors are now confirmed. Earlier, bloggers speculate that MyBlogLog might be purchased by Yahoo...And it turned out to be true.

Last Tuesday, MyBlogLog officially announced that it has joined with Yahoo. The latter paid a handsome $10 million for the website. According to some analysts in the web industry, the purchase was triggered by Yahoo's desire to get in touch with a wider blogging community. MyBlogLog has been seizing blogger's attention throughout the blogosphere. And its traffic as well as its established community are increasing in an alarming rate. Further, it is noted by analysts that Yahoo is connecting with its readers through MyBlogLog.

MyBlogLog is said to be equipped with an interesting dynamic between constraints and freedom. These characteristics of the blogging community is expected to boost the services of Yahoo.