Yahoo’s board approves $1.1 billion all-cash Tumblr acquisition

News coming in from the Wall Street Journal indicates that, Yahoo’s board of directors has approved the company’s widely-rumored acquisition of Tumblr in an all-cash deal worth $1.1 billion. Assuming the terms are accepted by Tumblr, CEO Marissa Mayer is all but certain to announce Yahoo’s latest pickup — easily its largest to date in a spree of acquisitions and content deals — at a media event tomorrow in
New York City. Reports of the approval follow days of rampant speculation, with AllThingsD first reporting that Yahoo’s board planned to meet today to reach a final decision.

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The high-dollar buyout is seen as favorable for both sides, bringing Yahoo a massive community of the
younger users it’s desperately sought in recent years while offering Tumblr’s investors a significant payday.


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Roger Bambino
Roger Bambino
The love for gadgets and technology is deeply rooted in his DNA, he is a blogger and really obsessed with cool devices. Roger is the EIC at Techjaja and also he loves creepy movies, and takes you very, very seriously. May be!!
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