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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