INQUIRER.net: Yahoo! to buy blog-maker Tumblr for $1.1B—report

INQUIRER.net Philippine News for Filipinos

Yahoo! to buy blog-maker Tumblr for $1.1B—report May 19th 2013, 23:02 NEW YORK—Yahoo!'s board has approved a deal to purchase the popular blogging platform Tumblr for $1.1 billion in cash, The Wall Street Journal reported Sunday.   The deal, if confirmed, would be the largest for Yahoo! since Marissa Mayer took over as chief executive last year and could help the struggling Internet pioneer regain traction with younger Internet users.   Neither Yahoo! nor Tumblr commented on the report. But Mayer has scheduled a news conference in New York on Monday at which the company said it will unveil "something special."   Yahoo! has been looking at a range of acquisitions since Mayer took over as chief executive last year and v... Keep on reading: Yahoo! to buy blog-maker Tumblr for $1.1B—report Media files: yahoo-tumblr.jpg (image/jpeg)

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