If you’ve been reading the news on Metroblogging.com then you know all about Yahoo! taking a liking to us. We’re pretty amped for obvious reasons.
See, we know how to keep our mouths shut (just kidding flickr). That’s right, while we don’t have the full press releases available because we didn’t want them to be dated April 1, we can at least spill the beans here that Yahoo! has acquired a 45% stake in Metroblogging and will be helping us launch some 300 new cities in the following few months. This is something we’ve been working on since Jason moved to San Francisco and was the hardest secret to keep at eTech this year. Since we’re sure everyone will be asking let’s just say the figure is larger than $25M and smaller than $26M. What are we doing with the funding? Better servers, paying bloggers, new cars, hookers, blow, the usual. Details to follow. Stay tuned.
If you read any of the other Metblogs you might have heard that we’ve decided to buy up some other local sites and SFist is the first to join the family. Yes, it’s going to be an interesting next few weeks…
UPDATE: April Fools