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Yahoo purchases Tumblr for $1.1bn

Yahoo buys the blogging service Tumblr in what is the largest social network acquisition in years.

Last Modified: 21 May 2013 02:07
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It has been confirmed that Yahoo is buying the blogging service Tumblr for $1.1bn in what is the largest social networking acquisition in years.

Al Jazeera's Kristen Saloomey takes a closer look at what Yahoo stands to gain from the deal.

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Al Jazeera
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