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Yahoo buys Tumblr
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Yahoo buys TumblrPosted:

M0d
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Yahoo announced today that it is buying blogging site Tumblr for $1.1bn, mostly in cash. In the posting, Yahoo CEO Marissa Mayer made clear that the cooler, younger company would not be smothered by her firm's notorious corporate culture, under which many other purchases have withered and died.

From Yahoo,
"Im delighted to announce that weve reached an agreement to acquire Tumblr! We promise not to screw it up. Tumblr is incredibly special and has a great thing going. We will operate Tumblr independently. David Karp will remain CEO. The product roadmap, their team, their wit and irreverence will all remain the same as will their mission to empower creators to make their best work and get it in front of the audience they deserve. Yahoo! will help Tumblr get even better, faster."

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The following 1 user thanked M0d for this useful post:

Awesome_Pineapple (07-07-2013)
#2. Posted:
Awesome_Pineapple
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1.1 Billion? Not as good as Facebook..... NEXT! Just kidding cool story.
#3. Posted:
Sahvidge
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Maybe now Yahoo! will get more recognition. Haha. As long as they don't screw up tumblr as it is now.
#4. Posted:
IDMTITAN
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this happened 2 months ago
#5. Posted:
Meet
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This happened a while ago im pretty sure. Doesn't look that different. I still use it
#6. Posted:
MTD
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This is a little old as it was posted on TTGs homepage.
#7. Posted:
Evo8
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Yeah this is pretty late haha. But they haven't screwed it up so far so that's good.
#8. Posted:
Establish
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This is pretty old news. Where are you getting your news from, Yahoo?
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