Monday, 20 May 2013

There is a time for everything, Yahoo! To Purchase Tumblr for $1.1 billion



 


Aww!! Yahoo! To Purchase Tumblr for $1.1 billion Tech giant Yahoo! is reportedly expanding its empire, acquiring blogging site Tumblr in a $1.1 billion, all-cash deal.  The acquisition is the biggest for the company since CEO Marissa Mayer took the helm at Yahoo! nearly one year ago. Tumblr is a site that hosts 108 million blogs and more than 51 billion posts and is popular among a younger demographic, a segment where Yahoo is looking to gain a foothold, sources told All Things D. Mayer apparently thinks the purchase will be “the stake in the ground of what her strategy is going forward for Yahoo!,” the source said.

:

No comments:

Post a Comment