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Monday 20 May 2013
Tumblr And Yahoo Agree On Purchase
The Yahoo offer to purchase Tumblr has been accepted and the blogging service is formally joining the former search giant.
Rumors began spreading just last week, and although a $1.1 billion purchase price was approved by the Yahoo board of directors yesterday, there was no guarantee that Tumblr would accept it. However, Yahoo CEO Marissa Mayer’s dream has become a reality, and the deal has gone through.
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