Despite Outside Interest, Tumblr and Yahoo! (YHOO) Are in Lockup (MSFT) (FB)
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Yahoo! (YHOO) Board Said to Approve $1.1B Tumblr Deal
May 20, 2013 6:21 AM EDT(Updated - May 20, 2013 6:21 AM EDT)
The Yahoo! (Nasdaq: YHOO) board of directors is said to have approved the proposed acquisition of Tumblr.
The WSJ reported that Yahoo!'s board met Sunday on the matter, unanimously voting in favor of the $1.1 billion... More
Yahoo (YHOO) Looks to Buy 'Cool' With $1B Deal for Tumblr
May 17, 2013 7:32 AM EDTShareholders of Yahoo, Inc. (NASDAQ: YHOO) are taking in stride reports the company is in talks to acquire Tumblr for $1 billion.
The move by Yahoo is an apparent attempt to get "cool again," AllThingD reported, especially with the all-important 18-to-24 demographic.... More
