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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:
Breaking: The Yahoo board has approved a deal to pay $1.1 billion in cash for the blogging site Tumblr. wsj.com
— Wall Street Journal (@WSJ) May 19, 2013
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Here’s what else Twitter is saying:
Yahoo’s vote to buy Tumblr for $1.1 billion was unanimous, foregone conclusion.dthin.gs/17PTnpl
— Wall Street Journal (@WSJ) May 19, 2013
Yahoo to buy Tumblr for 1.1 billion dollars!!That’s one expensive collection of Glee and Doctor Who GIFs.
— Philip DeFranco (@PhillyD) May 19, 2013
Yahoo trying to buy Tumblr is like when you’re a teen girl and your mom tries to borrow your clothes.
— Alexia Tsotsis (@alexia) May 19, 2013
Now that Yahoo is buying Tumblr, no one will be allowed to use Tumblr from home.
— Matt Goldich (@MattGoldich) May 19, 2013