Bradley Horowitz, VP Product Strategy at Yahoo! confirmed the acquisition of MyBlogLog for a value reported by Forbes to be over $10M, which is surprisingly high for a 5 people, 6 month-old company with 33'000 subscribers (Don Dodge did some interesting maths on this deal).
Whatever the amount might be, such an operation after six month and without having raised a single dollar from an Angel or VC is very impressive. Yahoo! will integrate the product with Flickr and Yahoo!Answers but will likely remain branded as a separate entity.