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Yahoo Acquires Tumblr for $1.1 Billion, Promises ‘Not to Screw It Up’

Yahoo Acquires Tumblr for $1.1 Billion, Promises ‘Not to Screw It Up’

By Josh Wolford

It's official. After rumors swirled last week, Yahoo and Tumblr have announced an agreement that will see Yahoo acquire the popular blogging platform for approximately $1.1 billion (all cash). For comparison, that's just a little more than Facebook wound up paying for Instagram last summer. In a blog ...

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