Yahoo purchases Tumblr for $1.1bn
Yahoo buys the blogging service Tumblr in what is the largest social network acquisition in years.
Published On 21 May 2013
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.
Source: Al Jazeera