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Stories by Juan Carlos Perez and Zach Miners

Yahoo board approves deal to buy Tumblr

Yahoo's board of directors has approved spending US$1.1 billion in cash to buy popular blogging site Tumblr, according to The Wall Street Journal.
The plan is for Tumblr to operate as an independent business, the Journal reported on Sunday, quoting anonymous sources.

Written by Juan Carlos Perez and Zach Miners19 May 13 22:00