Yahoo Board Approves $1.1 Billion Deal to Acquire Tumblr [WSJ]

Posted May 19, 2013 at 4:46pm by iClarified | Please help us and submit a translation by clicking here | 9486 views

Yahoo's board has reportedly approved a $1.1 billion cash deal to acquire Tumblr, reports AllThingsD and the WSJ.

The Yahoo board has approved a massive $1.1 billion deal to buy Tumblr. Sources close to the board said the deal was a foregone conclusion and was an unanimous vote by the Silicon Valley Internet giant.

Check for more information as the story develops. You can download Tumblr from the App Store for free.

Read More




Share
Add Comment
Follow iClarified
YouTube Drops Support for the 2nd Generation Apple TV, iOS 6 Devices and Lower
Apple Watch Pre-Orders Are Being Prepared for Shipment [Image]
Users who pre-ordered the Apple Watch are see...
Beyonce is Wearing a Gold Apple Watch Edition With a Gold Link Bracelet [Photos]
Yahoo Weather App Released for the Apple Watch
Yahoo has released an update to its Yahoo Wea...
WordPress App Gets Multifactor Auth Support, New Stats Section and Post Details Screen