Yahoo purchases Tumblr for $1.1bn

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

    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


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