Yahoo! (YHOO) Closes $1.1B Tumblr Acquisition

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Go back to Yahoo! (YHOO) Closes $1.1B Tumblr Acquisition

Yahoo! (YHOO) to Acquire Tumblr in $1.1B Deal

May 20, 2013 8:01 AM EDT

Yahoo! Inc. (NASDAQ: YHOO) and Tumblr announced today that they have reached a definitive agreement for Yahoo! to acquire Tumblr.

Per the agreement and our promise not to screw it up, Tumblr will be independently operated as a separate business. David Karp will remain CEO. The product, service and brand will continue to be defined and developed separately with the same Tumblr... More