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| Social Media In an Uproar Over Yahoo's Rumored Tumblr Acquisition | | Sunday, May 19, 2013 2:18 PM | Neha Prakash |
| Reports have recently surfaced that Yahoo's board of directors has approved a $1.1 billion acquisition of Tumblr. While Tumblr and Yahoo have yet to release official statements about the acquisition, the Internet — mainly Tumblr's younger skewed users — has already had a strong reaction to the potential purchase.
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| Report: Yahoo Board Approves Tumblr Acquisition | | Sunday, May 19, 2013 12:43 PM | Chelsea Stark |
| Yahoo's board of directors has approved a $1.1 billion acquisition of blogging platform Tumblr, according to a breaking news alert from The Wall Street Journal. The deal is reportedly an all-cash acquisition, according to WSJ, and Tumblr will maintain control of its operations. Tumblr and Yahoo have not released any official statements.
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