Yahoo! Buys Tumblr for $1.1 Billion(NEW YORK) -- Yahoo! is investing big time in social media. The company announced on Monday that it has purchased Tumblr, the popular blogging and social media network, for $1.1 billion in caRead More
Yahoo to Buy Tumblr for $1.1 Billion(SAN FRANCISCO) -- On Sunday, Yahoo’s board of directors approved the purchase of the social networking and blog site Tumblr for $1.1 billion, according to The Wall Street Journal.
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