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Yahoo Takeover Tumblr for $1.1bn

Search giant Yahoo has just struck an all-cash $1.1 billion deal to buy start-up Tumblr in a move that many fear would turn the social blogging platform into a Yahoo-centric ad-indulging website. Rumors of the deal initially broke out over the weekend. A day later, Yahoo’s board was reported to have approved the acquisition. Yahoo — Read More —