Yahoo’s huge $1.1 billion deal to buy popular blogging service Tumblr has now closed.
Yahoo acquired Flickr back in 2005, but the photo-sharing service suffered under persistent mismanagement. Now it looks like Yahoo is finally giving Flickr the attention it deserved back in the day.
While rumors have been swirling for days, Yahoo finally confirmed this morning that it has acquired popular blogging platform Tumblr for $1.1 billion.
Yahoo CEO Marissa Mayer held a press conference today to flesh out more details about its $1.1 billion acquisition of blog platform Tumblr, which was confirmed yesterday after days of rumors.
Yahoo’s board has reportedly approved a $1.1 billion, all-cash offer to acquire Tumblr, a rapidly-growing and very popular microblogging server.
Tumblr, which famously hates advertising and only started trying to make money after five years in existence, is in a bit of a pickle, as its $125 million in funding is running out, giving the service only a few-month window in which to raise a new round or find a sugar daddy.
For the first time, Tumblr’s CEO chats about the company’s failed journalistic foray.
Tumblr has joined the elite ranks of Google, Facebook, and Twitter to become one of the 10 most popular services in the U.S.
Guest Post This is a guest post from Dave Lifson, co-founder of Postling, a unified social media dashboard for small businesses. It originally appeared here.
Editor's Pick From Flickr user David Stanley
Blue Ivy Carter
Highlighted post from user Tyler Coates
Tumblr’s quirky blogging platform and community network reaches 120 million people every month, founder and CEO David Karp disclosed at the Digital Life Design conference in Munich Monday.
Popular blogging platform Tumblr is out with a new feature Wednesday designed to help its growing user base send private messages to each other.