During the last couple of days, everybody discussed about a possible acquisition of MyBlogLog, a blog community that will improve Yahoo's relations with its clients.

"MyBlogLog is launching this new Communities service to empower authors and readers to operate at the same level. For the first time, everyone who reads a web site or blog can learn about and engage with one another, and in the process take the conversation to a whole new level.

Readers can become friends with other people who read your favorite blogs. See what else they're reading. Check out their MySpace and Friendster profiles and view their Flickr photostreams. Authors can learn more about their readers individually and as a group. What do they like and what are they ignoring? What are they reading elsewhere on the Web?

MyBlogLog enables you to take advantage of your existing presence on the Web and ties it into communities of like-minded readers and authors to add context to the conversations in which you take part," the directors are describing the company.

Despite the rumors, Yahoo's representatives denied the acquisition and refused to comment the story. Analyzing the possible acquisition, we'll understand the reasons for Yahoo's interests, MyBlogLog being one of the most popular blog communities attracting new members every day.