Yahoo's Board Approves $1.1 Billion Purchase Of Tumblr | #smm #socialmedia #marketing http://t.co/0uwYD7gJH1 via @sai
May 20, 2013
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Yahoo's Board Approves $1.1 Billion Purchase Of Tumblr
Stephen Lam, Reuters 's board approved the plan to buy for $1.1 billion in cash, Kara Swisher at All Things D reports. Previous reports said that Tumblr's board had OK'd Yahoo buying Tumblr, so it looks like it's a done deal. Marissa Mayer has made her first big move as CEO of Yahoo.
http://www.businessinsider.com/yahoos-board-approves-11-billion-purchase-of-tumblr-2013-5

