Home Yahoo confirms deal to buy Tumblr for USD 1.1 billion
 

Keywords :   


Yahoo confirms deal to buy Tumblr for USD 1.1 billion

2013-05-20 14:38:00| Telecompaper Headlines

(Telecompaper) Yahoo has confirmed that it has reached a definitive agreement to acquire blog website Tumblr, which will be independently operated as a separate business and keep David Karp as CEO. Yahoo will pay USD 1.1 billion for Tumblr. Subject to customary closing conditions, the transaction is expected to close in the second half of the year.

Tags: buy yahoo deal usd

Category:Telecommunications

Latest from this category

All news

»
24.11ISAMI REBELS16oz
24.11 Z
24.11
24.11 4 trail lite
24.11n-buna song selection
24.11()//
24.11MTG 4
24.11 Jade Flufy Crew Sweat
More »