Yahoo! Buys Tumblr for $1.1 Billion Cash Deal—Twitter Reacts

tumblr, yahoo

After much speculation, it can be confirmed that Yahoo! will acquire Tumblr in a $1.1 billion cash deal. The story broke via the Wall Street Journal’s Twitter:

Yahoo To Buy Tumblr For $1 Billion? 5 Fast Facts You Need to Know

Reports indicate that Yahoo is in "serious discussions" to buy Tumblr, the popular microblogging platform. Early rumors say Yahoo is willing to pay $1 billion.

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Here’s what else Twitter is saying:

Your friends would be so into this, share it!

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