Yahoo to Buy Social Media Site Tumblr

The Takeaway

Users of the photo rich blogging and social media site Tumblr aren’t happy. Yahoo has plans to buy the site for $1.1 billion dollars in an all cash deal which extends the brand of Yahoo into this social media space. The deal would be one of the largest acquisitions of a social  networking  company in years.
Manoush Zomorodi  is the host of WNYC’s “New Tech City.”  

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