Yahoo's board has reportedly approved a $1.1 billion cash deal to acquire Tumblr, reports AllThingsD and the WSJ.
The Yahoo board has approved a massive $1.1 billion deal to buy Tumblr. Sources close to the board said the deal was a foregone conclusion and was an unanimous vote by the Silicon Valley Internet giant.
Check for more information as the story develops. You can download Tumblr from the App Store for free.
You can follow Limerain on Twitter, Facebook, or RSS to be notified of any updates.
*thanks iclarified*
Send us a story or tip @ TipsForLimerain.com@gmail.com and follow our pages for the latest limera1n, and all tech stories, follow us on Twitter at @iphonepixelpost or @limerain_com
And like our Facebook page www.iPodSets.com
- Posted using my iPhone 5