Sunday, May 19, 2013

Yahoo's board approves $1.1 billion Tumblr acquisition: WSJ

http://www.reuters.com/article/2013/05/19/us-tumblr-yahoo-idUSBRE94I0C120130519

Yahoo Inc's board has approved a deal to buy blogging and social networking site Tumblr for $1.1 billion in cash, the Wall Street Journal cited people familiar with the matter as saying on Sunday.

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