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Yahoo! to buy blog-maker Tumblr for $1.1 bn

Monday, May 20, 2013

Yahoo! to buy blog-maker Tumblr for $1.1 bn: report (via AFP)

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…



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