Yahoo to Buy Tumblr for $1.1 Billion

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Source: New York Times

In tech news, it is now being reported that Yahoo is set to buy Tumblr for a little over one billion dollars. This move is set as an attempt for Yahoo to pick up steam for years of not effectively using social networks and mobile devices. Time will tell if this acquisition will lead to major changes in Tumblr's operating systems and classic display. Stay tuned.