Tag: Tumblr

Yahoo! to Acquire Tumblr for $ 1.1 billion all in cash.

Yahoo! Inc. and Tumblr have announced that they have reached a definitive agreement for Yahoo! to acquire Tumblr. Per the agreement and our promise not to screw it up, Tumblr will be independently operated as a separate business. David Karp will remain CEO. The product, service and brand will continue to be defined and developed…