Yahoo! vows not to Screw up after buying Tumblr for $1.1bn
No CommentYahoo has reached a deal to acquire Tumblr for $1.1 billion. Understandably, a chunk of Tumblr’s 117 million users are shocked over the news. The deal, announced on Monday, is a bold bet by Yahoo Chief Executive Marissa Mayer to revitalize the company by co-opting a Web property with strong visitor traffic but little revenue. [...]
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