It's official Yahoo announced today that they have purchased
the blogging site Tumbler for 1.1 Billion. Rumors of this purchase have been
circulating since Thursday. Tumbler
users are wary of the purchase after Yahoo's past tract record with mergers
they have good reason.
Yahoo CEO Marissa Mayer posted on her Tumbler blog today a
message to users that there is no need to worry. Tumbler CEO David Karp will
remain at the helm and that there will be no Yahoo branding on the Tumbler
site. Until now Tumbler has resisted the use of advertising on its site but
with the recent merger this may change as Mayer said that CEO Karp and her team
agree that the site is now in a position to start advertising.
Sources:
Yahoo to buy Tumblr for $1.1 billion: Report. (n.d.). CNNMoney. Retrieved May 20, 2013, from http://money.cnn.com/2013/05/19/technology/yahoo-tumblr/index.html
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