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RT @TechCrunch: It's Official: Yahoo Is Buying Tumblr For $1.1B, Vows To Keep It Independent With Karp As CEO http://t.co/xJyFhGvJJI by @i…
May 20, 2013
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It's Official: Yahoo Is Buying Tumblr For $1.1B, Vows To Keep It Independent
Yahoo has now officially confirmed that it is buying Tumblr for $1.1 billion, confirming speculation that started last week. It says it will keep it as an independent company, with founder David Karp at the helm as CEO. "The product, service and brand will continue to be defined and developed..