Yahoo! has started 2007 off with a bang by acquiring MyBlogLog (rumored acquisition price between $10 and $12 million). As I stated in a recent post, I think this is a brilliant move (at least if Yahoo! can think big picture and work on convergence and integration with its other media).
If you have not read the follow-up comments, please do. Scott from MyBlogLog was kind of enough to throw in his opinion.