Home Update: Yahoo to acquire Tumblr for about $1.1 billion
 

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Update: Yahoo to acquire Tumblr for about $1.1 billion

2013-05-20 07:32:50| InfoWorld: Top News

Yahoo has confirmed widespread reports that it will acquire the popular blogging service Tumblr, and also promised not to "screw it up." The deal is worth about $1.1 billion, nearly all in cash.

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