Yahoo has apparently acquired the MyBlogLog service that adds social networking type features to blogs. The rumor is that Yahoo paid $10 million for MyBlogLog. MyBlogLog members are represented by avatars and they can add their avatar to the blogs they like to read. For example, here are the communities for GigaOm, TechCrunch and Valleywag. This aspect of the service is very similar to Stumble Upon which allows people to use avatars and place their avatar on the websites they like. For example, here is the Stumble Upon page for BloggersBlog.com. MyBlogLog also offers add-ons for blogs that show the avatars of people reading the blog.
There is nothing about this deal on Yahoo or MyBlogLog yet but lots of blogs are reporting the news. Yahoo did acquire Bix, a website that lets people create contests, earlier today.
Yahoo has apparently 
