Yahoo to acquire Tumblr in $1.1 billion cash deal

That cat’s out of the bag a day early, it seems. Yahoo’s board has approved a $1.1 billion cash deal to purchase the blogging site Tumblr, according to The Wall Street Journal. We were expecting Yahoo to announce the acquisition during tomorrow’s NYC media event — CEO Marissa Mayer may instead use the last-minute [...] Yahoo to acquire Tumblr in $1.1 billion cash deal | www.limit.ws