Yahoo (YHOO) is acquiring Tumblr for $1.1 billion – CBSnews

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Yahoo (YHOO) is acquiring Tumblr for $1.1 billion – CBSnews

(MoneyWatch) Yahoo (YHOO) is acquiring Tumblr for $1.1 billion, handing investors in the blogging service a big pay-day.

“Per the agreement and our promise not to screw it up, Tumblr will be independently operated as a separate business,” Yahoo said in an unusual pledge for a formal acquisition announcement. Tumbler founder and CEO David Karp will continue on in his role. Yahoo said the “service and brand will continue to be defined and developed separately with the same Tumblr irreverence, wit, and commitment to empower creators.”

Click here to read the full article.

http://www.cbsnews.com/8301-505124_162-57585229/yahoo-buys-blogging-site-tumblr-for-$1.1-billion/

 


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withinthecode

Judith Mallard, Global Talent Director, Founder at Recruiting Now Inc. / Digital Media & Technology Enthusiast / Avid fan of all things Adobe CC - Creative Consultant

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