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5/20/2013

Yahoo takes big leap with $1.1B deal for Tumblr

Yahoo takes big leap with $1.1B deal for Tumblr

Posted 10:24 AM 5/20/2013 by AP(PHOTO COURTESY: MGN ONLINE)

SAN FRANCISCO (AP) - Yahoo is buying online blogging forum Tumblr for $1.1 billion as CEO Marissa Mayer tries to rejuvenate an Internet icon that had fallen behind the times. The deal announced Monday is Mayer's boldest move since she left Google 10 months ago to lead Yahoo's latest (More)...

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