Yahoo has been on a seemingly record-breaking buying spree as of late, earlier this week they snapped up popular micro blogging site Tumblr, now they’re rumoured to be interested in acquiring popular pay-TV provider, Hulu, for an undisclosed amount of money.
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.
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.
Yahoo! has been on a buying spree of late, the latest acquisition by the struggling search giant is rumoured to be micro blogging platform; Tumblr, in a deal expected to go as high as $1 billion.