Report: Yahoo's purchase of Tumblr approved

www.huffingtonpost.com Published: May 20, 2013
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Yahoo's board of directors has approved a deal to buy the popular blogging platform Tumblr, the Wall Street Journal and Huffington Post reports.


Yahoo is holding a press conference in New York, Tumblr's hometown, on Monday where the Sunnyvale, Calif.-based Internet company is widely expected to announce the acquisition.

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