Delicious, the social bookmarking service that was spun out of Yahoo last December, has been acquired by the founders of YouTube, who have formed a new startup, AVOS.

The acquisition was confirmed by Delicious, which confirmed the deal via its blog. Yahoo will continue to operate the site until July, when it will pass to AVOS, which is being run by the founders of YouTube, Chad Hurley and Steve Chen.

"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," Delicious said in its blog post. "They are committed to running and improving Delicious going forward."

Hurley and AVOS said that Delicious would "continue to provide the same great service users love" and to make "the site even easier and more fun to save, share, and discover the web's 'tastiest' content."

"We're excited to work with this fantastic community and take Delicious to the next level," said Chad Hurley, CEO of AVOS, in a statement. "We see a tremendous opportunity to simplify the way users save and share content they discover anywhere on the web."

Yahoo senior vice president of communications and communities at Yahoo, John Matheny, said that Hurley and Chen were chosen for their "passion and unique vision".

"As we have said, part of our product strategy involves shifting our investment with off-strategy products to put better focus on our core strengths and fund new innovation," Yahoo added in a blog post. "We believe this is the right move for the service, our users and our shareholders. Chad Hurley and Steve Chen are building an exciting new company and we look forward to watching the Delicious service continue to develop!"

In December, Blake Irving, executive vice president and chief product officer at Yahoo, tweeted that Yahoo had been planning to get rid of Delicious for quite some time, and that leaks surrounding the deal had painted it in a bad light.

So what's next for Delicious? AVOS said that the company would be located in downtown San Mateo, near where they started YouTube before it moved to San Bruno. They will attempt to solve the problem of "information overload" ."We see this problem not just in the world of video, but also cutting across every information-intensive media type," said Chen, in a statement.

And who is AVOS? At press time, the site didn't even exist as a Web site, although Google had a cached record with a blank page and a graphic. Chen and Hurley were not immediately available for interviews or comment.

This article, written by Mark Hachman, originally appeared on PCMag.com and is republished on Gear Live with the permission of Ziff Davis, Inc.