In a press release sent out this morning, Yahoo! confirmed rumors that spread last week that it is indeed purchasing the microblogging and social network Tumblr. At a total of approximately $1.1 billion in cash, the buyout is expected to go through in the second half of this year. David Karp, Tumblr’s CEO who founded […]
Yahoo! Purchases Tumblr For $1.1 Billion, Promises Not To “Screw It Up”
