Yahoo Board OKs $1.1B Deal To Acquire Tumblr
“Although the social media service has become red hot — it averages about 75.8M posts a day — it generated just $12M in revenue last year and hopes for $100M this year, Forbes says. CEO David Karp began to sell ads for the site just a year ago. Yahoo has more than enough cash to make the deal. Still, Mayer could use Wall Street’s support for the biggest acquisition that she has made since taking charge in July.”
Time to start backing up my blogs and pretending it’s not going to hurt like hell to say goodbye to roleplaying again.