Slashdot/ Sven Lathams reports today that Yahoo! is set to launch into blogging based on the blog service it appears to be running in Korea (but no one is sure as its in Korean except the logo: Yahoo Korea Blog) ignores the recent history of Yahoo! and its hunger for acquisitions when it misses the boat on major new trends on the internet (which it usually does).
Sources inside Yahoo! have told the Blog Herald that the company is already in talks with a number of Blogging firms, looking for the right acquisition vehicle to integrate into the Yahoo! stable of sites. Yahoo! is also concerned with the widening scope of the Google stable the recent purchase of Pyra Labs by Google Inc.