"F*CK YEAH": Yahoo Buys Tumblr For 1.1 BILLION

Newsbreaker on Ora.tv
Newsbreaker on Ora.tv
  • 11 years ago
Yahoo has officially closed the deal with Tumblr, buying it for $1.1 billion. Yahoo’s CEO Marissa Mayer promised "not to screw it up", stating that Yahoo will operate the company independently and that Tumblr’s CEO will stay. Yahoo’s acquisition of Tumblr is the largest social media acquisition in years, even bigger than when Facebook bought instagram for $1 billion.
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