Yahoo buys blogging platform Tumblr for $1.1 billion

iDownload Blog
By Christian ZibregMay 20, 2013, 9:16 am155 pts
Yahoo’s recently-minted CEO Marissa Mayer has gone on a shopping spree. After the troubled Internet giant in March bought mobile news startup Summly for $30 million, and having snapped up the iOS/Android task management service Astrid earlier this month, Yahoo this morning announced a definitive agreement to…

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