WSJ: Yahoo to accumulate Tumblr in $1.1 billion money deal
That cat’s out of the bag a day early, it appears. Yahoo’s board has accredited a $1.1 billion money deal to buy the running a blog website Tumblr, in line with The Wall Road Journal. We have been anticipating Yahoo to announce the acquisition throughout tomorrow’s NYC media occasion — CEO Marissa Mayer might as an alternative use the final-minute gathering to element the corporate’s plans for integrating the favored platform. It is unclear how Yahoo intends to make the most of its newest procurement, however with a ten-determine price ticket now public, we will solely think about that Tumblr can be put to good use. We’ll be overlaying tomorrow afternoon’s occasion stay, so keep tuned for extra particulars from New York Metropolis.