Top Digital Publishers Praise Yahoo's Tumblr Deal

But Business Insider's Blodget knocks HuffPost Live

Yahoo's acquisition of Tumblr has dominated the tech headlines this week, so it should come as no surprise that a panel of Web publishing luminaries discussing the future of media on Thursday weighed in on the portal's recent mega purchase.

Business Insider CEO and editor-in-chief Henry Blodget called the deal "a very smart thing for Yahoo to do," adding that it's an "aggressive move" that could work out for the company. Whether the $1.1 billion price tag is worth it depends on what Yahoo does with the company, he said.

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