Billion Dollar Deal is on with Yahoo, Tumblr

[blogger]

Billion Dollar Deal is on with Yahoo, Tumblr

The rumor mill got it right. Late Sunday, soft confirmations began to emerge that Yahoo’s board had just approved the purchase of blogging site Tumblr for $1.1 billion in cash. The mega deal brings into the Yahoo family some 108 million blogging sites on Tumblr. The acquisition instantly makes Yahoo one of the giants in [...]

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