Yahoo has bought MyBlogLog, a Web site that builds online communities around the blogs people like to read. Financial terms were not disclosed.

The acquisition, announced Jan. 8, fits Yahoo’s strategy to keep its global audience of half a billion people on its Web properties longer by engaging them in social activities. MyBlogLog provides people with the online tools to create a profile and associate it with their blogs, enabling registered users of the site to form communities around those blogs.

Source: InformationWeek