The Yahoo board has approved a massive $1.1 billion all-cash deal to buy Tumblr. It’s not clear when the official vote was taken, but sources close to the board said the acquisition was a foregone conclusion and was an unanimously approved by the directors Silicon Valley Internet giant.
As the Tumblr/Yahoo deal continues to be negotiated by press, and the world gears up for whatever is being announced Monday morning, Tumblr founder David Karp is probably having a very interesting weekend.
Kara Swisher: As part of the deal, Tumblr CEO David Karp — who got a windfall of cash from the deal — will stay at Yahoo for four years at least and retain much control over the service, much in the same way Instagram CEO Kevin Systrom does at Facebook.
Super-charged growth? Yup. Fueled by user-generated content that comes with potential copyright headaches? Got it! Barely there revenues? Of course! Billion-dollar-plus price tag? Check! Yes, all of that describes the Yahoo-Tumblr deal.
The AP reports that President Barack Obama will discuss the legality of his administration's controversial drone program, as well as other counterterrorism measures, during a speech on Thursday.
Tumblr employees feel that Yahoo’s $1.1 billion offer is “too low” and view it as “only a first offer,” according to sources close to acquisition talks.
Three months ago, celebrated video game publisher Valve did something completely out of character: it fired up to 25 workers, in what one employee dubbed the "great cleansing." At the time, co-founder Gabe Newell quickly reassured gamers that the company wouldn't be canceling any projects, but it just so happens that one project managed to get away.
An update to the Google Music app broke compatibility with the ill-fated Nexus Q — but it appears Google may have a new media streamer waiting in the wings to replace it.
A new device made by Google recently made its way through the hands of the FCC with model number H2G2-42, product name of “H840 DEVICE,” and a description that says it “functions as a media player.” Yes, a media player.
Today, thanks to the maturation of the web, digital tech, and smartphones now in seemingly every pocket, startups are finding it easier than ever before to build scalable solutions to finally address the many inefficiencies in our food manufacturing, production and distribution systems.
Google made a relatively quiet announcement today regarding how it’s pushing the developer ecosystem forward around Google Now, its intelligent personal assistant for Android devices. The company has begun extending mark up tools for emails from select partners, which help highlight flight schedules, hotel bookings and various types of reservations, to make sure that Gmail can spot that information and use it to auto-generate helpful reminders in Google Now.
Plenty of people rightly mocked the news a few years ago that the Associated Press was working on a plan to "DRM the news." The idea was to put some sort of licensing mechanism together to get news aggregators to pay to promote their news.
According to sources close to the situation, the Yahoo board plans to meet Sunday night to decide whether to approve a $1.1 billion all-cash offer for New York-based blogging site Tumblr.
I awoke aboard a boat, just before daybreak, which was weird. The last thing I remembered was being in San Francisco?s Moscone Center, wrapping up a four-hour Google I/O keynote liveblogging session.
At the Google I/O developers conference, any last semblance of privacy came to a screeching halt as people in Google Glass were everywhere.
