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Yahoo takes big leap with $1.1 billion deal for Tumblr
Yahoo is buying online blogging forum Tumblr for $1.1 billion as CEO Marissa Mayer tries to rejuvenate an Internet icon that had fallen behind the times. The deal announced today represents Mayer’s boldest move yet since she left Google 10 months ago to lead Yahoo’s latest comeback attempt. It marks Yahoo’s most expensive acquisition since the Sunnyvale, Calif., company bought online search engine Overture a decade ago for $1.3 billion in cash and stock.
Yahoo is buying online blogging forum Tumblr for $1.1 billion as CEO Marissa Mayer tries to rejuvenate an Internet icon that had fallen behind the times. The deal announced today represents Mayer’s boldest move yet since she left Google 10 months ago to lead Yahoo’s latest comeback attempt. It marks Yahoo’s most expensive acquisition since the Sunnyvale, Calif., company bought online search engine Overture a decade ago for $1.3 billion in cash and stock.
3 hours ago
Stock Market
JPMorgan Chase's Dimon scrutinized
Ahead of shareholder meeting, CEO fighting for chairman job.
JPMorgan Chase's Dimon scrutinized
Ahead of shareholder meeting, CEO fighting for chairman job.
6 hours ago
Medical
Consumer group flags SPF ratings
Most sunscreens meet FDA standards, but questionable ratings persist.
Consumer group flags SPF ratings
Most sunscreens meet FDA standards, but questionable ratings persist.
4 hours ago
Stock Market
Small-company stocks boost market
Russell 2000 index crosses 1,000 points for first time.
Small-company stocks boost market
Russell 2000 index crosses 1,000 points for first time.
1 hour ago
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Around the Web
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