Yahoo! Inks $1.1 Bln Deal for Tumblr
Yahoo! has agreed to buy Tumblr for about $1.1 billion cash. Tumblr will operate as a separate business and David Karp will remain CEO. The transaction is expected to close in the second half. New York City-based Tumblr is a micro blogging service.
20 May 2013•4 mins read
