Tumblr Social Site Got 1.1 Billion Richer

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SAN JOSE – Yahoo! announced it purchased Tumblr for $US1.1 billion. The majority of the buyout will be made in cash, according to Yahoo!.
Yahoo! purchases Tumblr for $US1.1 billion. Photo Credit: Photo News
In a statement Yahoo! called Tumblr one of the fastest growing media networks in...Tumblr Social Site Got 1.1 Billion Richer