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Yahoo agrees to pay USD 1.1 billion for Tumblr - report

2013-05-20 09:05:00| Telecompaper Headlines

(Telecompaper) Yahoo's board has agreed to acquire blogging site Tumblr for USD 1.1 billion in an all-cash deal, people familiar with the matter told the Wall Street Journal. Tumblr's board has approved the deal as well, according to one of the people. The agreement could be announced on 20 May.

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