Yahoo is on the brink of acquiring Tumblr for $1.1 billion in cash, according to a new report. All Things D, which first broke the news that a deal was in the works, says Tumblr’s board will meet on Sunday to consider an all-cash offer for the popular blogging platform. The deal would be Yahoo CEO Marissa Mayer’s largest to date and would reportedly form the centerpiece of her effort to revitalize the company by acquiring younger users. News of the potential deal surfaced hours after Yahoo invited the press to a special event Monday in New York City.
Yahoo reportedly nearing $1.1 billion deal to acquire Tumblr | The Verge
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