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Internet old-timer Yahoo! and youngster Tumblr

Pioneering Internet firm Yahoo! rose to stardom in the personal computer era while blogging platform Tumblr has won fans in a world of smartphones, tablets and social networking. The following is a brief breakdown of the companies following Monday's news that Yahoo! will acquire Tumblr for $1.1 billion. - Yahoo! was founded in 1994 by Stanford University graduate students David Filo and Jerry Yang and incorporated the following year.

Why Yahoo-Tumblr makes sense

By Felix Salmon Amidst all the positivity coming out of Yahoo and Tumblr, any self-respecting pundit is going to want to pour cold water on the whole deal. Especially since billion-dollar mergers almost never work out very well. But here's the weird thing: the more I look at this tie-up, the more it makes sense to me.

Finnish start-up launches smartphone to rival big players

A group of ex-Nokia employees who quit over the company's decision to abandon the planned MeeGo operating system in favour of Windows presented their own smartphone on Monday, hoping to rival the sector's giants. The Jolla smartphone, which is entirely intuitive and has no buttons, is "a strong candidate" on the mid- to high-range market, the Helsinki-based company said. The model, which is so far just called Jolla, has a 4.5-inch touch screen and features two different-coloured halves that together make up the phone.

Twitter index: Miguel goes viral, Tumblr sold

On Monday, May 20, Twitter users are talking about Miguel's unfortunate accident at the Billboard Music Awards and discussing the sale of Tumblr to Yahoo! . R&B crooner Miguel is causing a buzz on Twitter, and elsewhere on the web, after an unfortunate incident at the Billboard Music Awards, which took place on the night of Sunday, May 19. The singer was performing his track "Adorn" when he attempted to perform an acrobatic stunt.

Twitter index: Miguel goes viral, Tumblr sold

On Monday, May 20, Twitter users are talking about Miguel's unfortunate accident at the Billboard Music Awards and discussing the sale of Tumblr to Yahoo! . R&B crooner Miguel is causing a buzz on Twitter, and elsewhere on the web, after an unfortunate incident at the Billboard Music Awards, which took place on the night of Sunday, May 19. The singer was performing his track "Adorn" when he attempted to perform an acrobatic stunt.

Twitter index: Miguel goes viral, Tumblr sold

On Monday, May 20, Twitter users are talking about Miguel's unfortunate accident at the Billboard Music Awards and discussing the sale of Tumblr to Yahoo! . R&B crooner Miguel is causing a buzz on Twitter, and elsewhere on the web, after an unfortunate incident at the Billboard Music Awards, which took place on the night of Sunday, May 19. The singer was performing his track "Adorn" when he attempted to perform an acrobatic stunt.

Twitter index: Miguel goes viral, Tumblr sold

On Monday, May 20, Twitter users are talking about Miguel's unfortunate accident at the Billboard Music Awards and discussing the sale of Tumblr to Yahoo! . R&B crooner Miguel is causing a buzz on Twitter, and elsewhere on the web, after an unfortunate incident at the Billboard Music Awards, which took place on the night of Sunday, May 19. The singer was performing his track "Adorn" when he attempted to perform an acrobatic stunt.

US stocks mixed; Yahoo! deal lifts Nasdaq

Yahoo!'s $1.1 billion deal to take over blogging platform Tumblr gave a lift to the Nasdaq Monday but overall stocks opened the week mixed. About 45 minutes into trade, the Dow Jones Industrial Average was down 7.76 points (0.05 percent) at 15,346.64. The tech-rich Nasdaq Composite Index rose 5.87 (0.17 percent) to 3,504.84 and the broad-market S&P 500 edged up 0.89 (0.05 percent) to 1,668.36. In the absence of major economic releases, "M&A news is dominating the headlines," Charles Schwab & Co. said.

Yahoo! confirms Tumblr deal for $1.1 billion

Yahoo! announced Monday it would acquire blogging platform Tumblr for $1.1 billion, saying the two companies "share a vision to make the Internet the ultimate creative canvas." The two firms confirmed weekend reports of the tie-up, in a deal which helps the struggling Internet pioneer connect with Tumblr's youthful users. The companies said the deal is worth $1.1 billion, "substantially all of which is payable in cash."

Yahoo buys blogging forum Tumblr for $1.1 billion in boldest move yet under CEO Marissa Mayer

SAN FRANCISCO - Yahoo is buying online blogging forum Tumblr for $1.1 billion as CEO Marissa Mayer tries to rejuvenate an Internet icon that had fallen behind the times. The deal announced Monday is Mayer's boldest move since she left Google 10 months ago to lead Yahoo's latest comeback attempt. It marks Yahoo's most expensive acquisition since the Sunnyvale, Calif., company bought online search engine Overture a decade ago for $1.3 billion in cash and stock.
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