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May 19, 2013 08:26 pm GMT
The Wall Street Journal is now reporting via Twitter that the rumored $1.1 billion cash acquisition deal for social blogging site Tumblr has been approved by Yahoo's board of directors. The Tumblr acquisition was rumored last week, with a price tag reportedly north of $1 billion, which appears to be accurate if the WSJ's sources are correct.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Yg0khab4X6Y/
Yahoo Board Has Approved A $1.1 Billion Cash Deal For Tumblr, WSJ Reports
The Wall Street Journal is now reporting via Twitter that the rumored $1.1 billion cash acquisition deal for social blogging site Tumblr has been approved by Yahoo's board of directors. The Tumblr acquisition was rumored last week, with a price tag reportedly north of $1 billion, which appears to be accurate if the WSJ's sources are correct.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Yg0khab4X6Y/
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