Yahoo

In Boost for Silicon Alley, Yahoo to Buy Tumblr for $1.1B
New Tech City- wnyc.org




Yahoo-Tumblr deal, here's a breakdown.    Tumblr, the blogging tool and social network - “platform for creativity” 



"And our mission — to empower creators to make their best work and get it in front of the audience they deserve" David Karp

And New York City's "Silicon Alley" sure is excited.

Instagram and now Tumblr have shown that once a social networking site attracts a fervent user base, deep-pocketed companies like Google, Facebook and Yahoo will come calling.


Yahoo Bidding for Hulu
Mashable

AllThingsD reported earlier this month that Yahoo CEO Marissa Mayer had met with Hulu executives, but after the company dropped $1.1 billion on Tumblr and another several million for gaming platform PlayerScale earlier this week, it seemed that the company might not go ahead with a bid. But that appears not to be the case — and even after the Tumblr acquisition, Yahoo has around $4 billion in cash to spend.

Yahoo Scraps Deal for French Video Site