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Yahoo Tumblrs for Cool: Board Approves $1.1 Billion Deal as Expected
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 unanimously approved by the directors of Silicon Valley Internet giant.
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All Things D: Yahoo Board Approves $1.1 Billion Acquisition of Tumblr
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.
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Leaked Memo Shows Barnes & Noble Bringing Web Browser And Email To Simple Touch eReaders In June
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How to Spend a Billion-Plus on User-Generated Content, Google Edition
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.
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President Obama will address legality of drone program on Thursday
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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.
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Google Now Introduces Mark Up Tools For Select Partners To Flag Flights, Hotel Stays And Reservations In Emails
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Welcome to Google Island
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For Sale: A Video of Toronto Mayor Rob Ford Smoking Crack Cocaine
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Yahoo Board to Meet Sunday to Consider $1.1 Billion, All-Cash Deal to Acquire Tumblr
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.