Yahoo to vote on $1.1 billion Tumblr buy: AllThingsD

A Yahoo logo is pictured in RolleSAN FRANCISCO (Reuters) – Yahoo Inc's board will meet on Sunday to vote on whether to offer $ 1.1 billion in cash for New York-based blogging service Tumblr, tech blog AllThingsD cited sources close to the situation as saying on Friday. Such an acquisition would be CEO Marissa Mayer's largest deal since taking the helm of the once-iconic Internet company in July 2012. Yahoo is keen on Tumblr because its younger user base would enhance the older website's "cool factor," the technology blog cited the sources as saying. The news could be announced as soon as Monday, it said. …

Tech News Headlines – Yahoo! News

This entry was posted in Technology and tagged , , , , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>