[Reuters] Yahoo's board approves $1.1 billion Tumblr acquisition: WSJ

Posted by: UGN Security

[Reuters] Yahoo's board approves $1.1 billion Tumblr acquisition: WSJ - 05/19/13 09:36 PM

SAN FRANCISCO (Reuters) - Yahoo Inc's board has approved a deal to buy blogging and social networking site Tumblr for $1.1 billion in cash, the Wall Street Journal cited people familiar with the matter as saying on Sunday.