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 | 9454 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
Apple Has Yet to Approach NBCUniversal About a Web TV Service
As part of its efforts to get approval for th...
Meerkat Live Stream Video App Gets In-App Notifications, Better Stream Discovery, More
Tim Cook Deeply Disappointed in Indiana's New Law, Says 'Apple is Open for Everyone'
Vine Now Supports HD Video
Twitter has updated Vine to support 720p HD v...
Apple Announces Grand Openings of Apple Watch Shops in France, Japan, and the U.K.