Tag Archives : $1.1 billion

The worst kept tech secret of last week is true – Microblogging website Tumblr is being acquired by Yahoo. Marissa Mayer announced the deal today morning along with a “promise not to screw it up.” Yohoo! is coughing $1.1 billion for Tumblr, “substantially all of which is payable in cash,” Yahoo said. Yahoo is not absorbing its acquisition, Tumblr is going to run separately [...]