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On May 20, 2013, it was announced that Yahoo and Tumblr had reached an agreement for Yahoo! Inc. to acquire Tumblr for $1.1 billion in cash. [13] [14] Many of Tumblr's users were unhappy with the news, causing some to start a petition, achieving nearly 170,000 signatures. [15] David Karp remained CEO and the deal was finalized on June 20, 2013.
Yahoo! Meme was a microblogging site launched by the Yahoo Latin America team in August 2009. The platform was conceived as a mash up of functionality derived from Twitter and Tumblr.
Yahoo! did just that. With a few billion toward share repurchases, Yahoo! couldn't keep its eye off of a shiny new potential acquisition, and will spend $1.1 billion to buy.
Yahoo's first acquisition was the purchase of Net Controls, a web search engine company, in September 1997 for US$1.4 million. As of April 2008, the company's largest acquisition is the purchase of Broadcast.com , an Internet radio company, for $5.7 billion, making Broadcast.com co-founder Mark Cuban a billionaire.
Yahoo! announced it has finalized its acquisition of leading micro-blog destination Tumblr. Although now completely under the Internet giant's very large wing, the site will
Yahoo! undoubtedly paid a hefty fee to acquire Tumblr. The company must have some very good plans of what exactly to do with the microblogging service. While Yahoo! has made it very clear that it ...
Yahoo! Completes Acquisition of Tumblr SUNNYVALE, Calif. & NEW YORK--(BUSINESS WIRE)-- Yahoo! Inc. (NAS: YHOO) today announced it has completed its acquisition of Tumblr. Tumblr is one of the ...
Fred Dufour, AFP/Getty Images By Ingrid Lunden Yahoo has now officially confirmed that it is buying blogging platform Tumblr for $1.1 billion, confirming speculation that started last week. It ...