Yahoo’s board of directors has approved a deal to buy the popular blogging platform Tumblr, the Wall Street Journal reports.
According to the WSJ, it will pay $1.1 billion in cash for the site. The potential purchase was originally reported by the technology blog AllThingsD on Thursday,which also cited the same cash figure. AllThingsD also confirmed the board’s approval on Sunday. Continue reading “Yahoo Tumblr Purchase Approved By Board: WSJ”

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