Yahoo Tumblrs for Cool: Board Approves $1.1 Billion Deal as Expected

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By: Kara Swisher | All Things D

The Yahoo board has approved a massive $1.1 billion all-cash deal to buy Tumblr.

It’s not clear when the official vote was taken, but sources close to the board said the acquisition was a foregone conclusion and was unanimously approved by the directors of Silicon Valley Internet giant.































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