Wednesday, May 22, 2013

Yahoo confirms acquisition of Tumblr, but will run it as a 'separate business'

Yahoo confirms acquisition of Tumblr, but will run it as a 'separate business'

Hot on the heels of yesterday's rumors, Yahoo and Tumblr have jointly announced a "definitive agreement" for the former to acquire the latter for $1.1 billion. The agreement makes it clear that Tumblr will be "independently operated as a separate business" with its own branding and line of development. A frankly worded press release says that this arms-length arrangement will help Yahoo "not to screw it up" and promises that the 300 million monthly visitors to the blogging site will continue to experience Tumblr's "irreverence, wit, and commitment to empower creators." Those who have allegedly fled to WordPress already, for fear of Tumblr being shut down, may have slightly jumped the gun.

Filed under: ,

Comments

Source: BusinessWire ( via Yahoo)

Source: http://www.engadget.com/2013/05/20/yahoo-confirms-tumblr-acquisition/?utm_medium=feed&utm_source=Feed_Classic&utm_campaign=Engadget

bachelor pad bachelor pad Green Coffee Bean Extract september 11 9/11 Memorial 911 masterchef

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.