Yahoo’s board approves $1.1 billion all-cash Tumblr acquisition.
According to The Wall Street Journal, Yahoo’s board of directors has approved the company’s widely-rumored acquisition of Tumblr in an all-cash deal worth $1.1 billion. Assuming the terms are accepted by Tumblr, CEO Marissa Mayer is all but certain to announce Yahoo’s latest pickup — easily its largest to date in a spree of acquisitions and content deals — at a media event tomorrow in New York City. via
Tss.. so we’re gonna see lots of ads when that happens..