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Yahoo! holding product related event on Monday, to “share something special”

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Rumours are heating up as Yahoo! has scheduled a product related event for Monday afternoon, speculation has lead to suggestions that they will announce a Tumblr acquisition among other things.

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The company has been ramping up their game in recent months with wild spending across the board to acquire new companies, the latest of which being rumoured to be the one and only social blogging platform; Tumblr. The company will be announcing product related news, which is said to include a restructuring of its once popular photo sharing site; Flickr, which coincidentally lacks an ‘e’ in the same place as their latest rumoured acquisition.

Apparently Yahoo’s board is meeting up tomorrow to vote on the acquisition which is expected to reach a price of $1.1 billion in cash.

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Written by Dion Guillaume

May 18th, 2013 at 8:52 am

Posted in Applications,Others,Technology

Tagged with , ,

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