Quantcast

Streams

Yahoo To Buy Tumblr In An Attempt To Revitalize Itself

Monday, May 20, 2013

Yahoo is expected to announce Monday that it's acquiring the social media site Tumblr, in a deal The Wall Street Journal and other news outlets are reporting to be worth about $1.1 billion. Some analysts are calling the acquisition an effort by Yahoo to be "cool and relevant" again.

Source: NPR

Tags:

Leave a Comment

Email addresses are required but never displayed.

Get the WNYC Morning Brief in your inbox.
We'll send you our top 5 stories every day, plus breaking news and weather.