Yahoo to acquire Tumblr for reported $1.1 billion

Since taking over the CEO reins at Yahoo, Marissa Mayer has been on an absolute mission to transform Yahoo from a has-been back into a relevant tech company once again. In an effort to further such efforts, the Wall Street Journal is confirming today that the Yahoo board of directors has approved the company’s rumored plan to purchase the blogging site Tumblr. The buyout price is a cool $ 1.1 billion…
Yoni Heisler’s blog