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Yahoo! acquisition of Tumblr official, to be run as standalone company

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After having its board vote on the matter yesterday, Yahoo officially announced today that the planned $1.1 billion acquisition of micro blogging site Tumblr is to go ahead.

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Yahoo today confirmed it’s acquisition of Tumblr for a whopping $1.1 billion, a move that caused many users some dismay considering some of Yahoo’s previous acquisition which were shut down short after being acquired. Yahoo and Tumblr both released lengthy press releases stating that Tumblr would remain “independently operated as a separate business” and Yahoo made it clear that they will “not screw it up.” Yahoo has scheduled an official event for later today that is sure to reveal some more details about the acquisition as well as their plans for the micro blogging site as well as its over 300 million users.

Is Yahoo stepping up their game? What do you think they have planned for later today? Let us know below.

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Written by Dion Guillaume

May 20th, 2013 at 12:47 pm

Posted in Others,Technology

Tagged with ,

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