Report: Yahoo to buy Tumblr for $1.1bn
Board of internet giant Yahoo agrees to purchase popular blogging platform for $1.1bn, Wall Street Journal reports.
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Yahoo Board Approves a $1.1B Pricetag For Tumblr
TechCrunch reports that Yahoo's string of acquisitions may soon include Tumblr: "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." The article notes, too, that "Yahoo had only $1.2 billion cash on hand as of its most recent quarterly earnings, which makes an all-cash offer for Tumblr a lot more of a stretch than it would be for someone like Apple, or even Facebook, which acquired Instagram for $1 billion in a mix of both cash and stock."
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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.
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Sharif Eyes Improved U.S.-Pakistan Ties
Former Pakistani prime minister told The Wall Street Journal he would seek improved ties with the U.S. if, as looks likely, he returns to power.
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Amazon to produce eyeball-controlled 3D smartphone
Citing its most favorite source: “people familiar with the company's plans”, Wall Street Journal says Amazon has recently been developing a wide-ranging lineup of gadgets, including two smartphones and an audio streaming device.
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