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