The founder of blogger social network MyBlogLog, Eric Marcouillier, which sold to Yahoo last year for about $10 million, plans to launch a new site called Gnip, CNET reports.  According to TechCrunch, Marcouillier has already raised $1 million from the Foundry Group and Softtech VC for the site.  Few details about Gnip have been released aside from having “Web 2.0 infrastructure.”

Sunnyvale, Calif. - Yahoo has acquired social networking site MyBlogLog.com, which organizes users according to which blogs they favor.