05-23-2013, 07:53 PM
(This post was last modified: 05-23-2013, 07:58 PM by GrimmForum.)
Quote:The board of Yahoo, the faded Web pioneer, agreed on Sunday to buy the popular blogging service Tumblr for about $1.1 billion in cash, the companies announced Monday, a signal of how the company plans to reposition itself as the technology industry makes a headlong rush into social media.
The deal would be the largest acquisition of a social networking company in years, surpassing Facebook’s $1 billion purchase of Instagram last year.
Source: NY Times
This is the first time I'm posting a thread on a current event story, so I'm not sure how everyone will react to it, but i'm curious to know what you all think of this move by Yahoo?