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Yahoo! Confirms $1.1bn Purchase Of Blogging Site Tumblr

Internet giant Yahoo! has officially confirmed its move to purchase blogging site Tumblr in a deal worth $1.1bn. Speaking on her own Tumblr blog, the search engine company’s CEO, Marissa Mayer, announced the deal, adding she would allow Tumblr to operate independently and her firm would not “screw up.” Ms Mayer said: “Tumblr is incredibly […]

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