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Yahoo confirms $ 1.1 billion Tumblr purchase – USA Today
USA TODAY SAN FRANCISCO —Yahoo is buying online blogging forum Tumblr for $ 1.1 billion as CEO Marissa Mayer tries to rejuvenate an Internet icon that had fallen behind the times. The deal announced Monday represents Mayer's boldest move yet since she left … UPDATE 3-Yahoo buying Tumblr for $ 1.1 bln, vows not to screw it up Yahoo buys Tumblr, promises to not 'screw it up' Yahoo acquires Tumblr in $ 1.1 billion deal |