Social Media Newsfeed: Tumblr Acquisition Announcement Today? | Illinois Flash Mobs

Report: Yahoo Will Announce Acquisition of Tumblr Today (SocialTimes) Yahoo’s board met Sunday and agreed to acquire Tumblr for $1.1 billion in cash, according to AllThingsD. The company was quickly targeted by incoming CEO Marissa Mayer as a larger acquisition target, according to AllThingsD reports. AllThingsD It’s not clear when the official vote was taken, but sources close to the board said the acquisition was a foregone conclusion and was unanimously approved by the directors of Silicon Valley Internet giant. The deal will likely be announced this morning, said numerous sources.

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Report: Yahoo Will Announce Acquisition of Tumblr Today (SocialTimes)
Yahoo’s board met Sunday and agreed to acquire Tumblr for $1.1 billion in cash, according to AllThingsD. The company was quickly targeted by incoming CEO Marissa Mayer as a larger acquisition target, according to AllThingsD reports. AllThingsD It’s not clear when the official vote was taken, but sources close to the board said the acquisition was a foregone conclusion and was unanimously approved by the directors of Silicon Valley Internet giant.

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