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Yahoo's deal for Tumblr is among top tech deals in 2013, Dealogic ranks the top 10

The Canadian PressMay 21, 2013 04:01

Yahoo has agreed to pay $1.1 billion to buy blogging forum Tumblr, ranking it in among the top 10 tech deals announced this year, according to research firm Dealogic. Here's a list of the top 10 tech mergers and acquisitions in 2013. Valuation is based on Dealogic's criteria and includes debt. 1. Dell Inc., to Silver Lake Management LLC (original bid), Feb. 5, 2013, $20.7 billion for 85 per cent of company. 2. Dell Inc., to Icahn Enterprises LP and Southeastern Asset Management Inc. (competing bid), March 25, 2013, $18.9 billion for 87 per cent of company.

Comparing Yahoo and Tumblr, as Internet pioneer agrees to buy blogging service

The Canadian PressMay 21, 2013 00:02

Yahoo is paying $1.1 billion to buy the popular blogging site Tumblr. It's part of Yahoo's comeback efforts, after years in a financial funk. Tumblr will give Yahoo more opportunities to sell advertising. Here's how the two companies compare: — TUMBLR FOUNDED: February 2007 by software consultant David Karp and Web developer Marco Arment. HEADQUARTERS: New York LEADERSHIP: Founder David Karp, 26, is CEO. He owns a 25 per cent stake in the company. EMPLOYEES: 175

NHN-FTC probe

Yonhap News AgencyMay 20, 2013 21:30

SEJONG, May 21 (Yonhap) -- South Korea's antitrust watchdog has launched an investigation into an online marketing and advertisement unit of NHN Corp. in what appears to be its stepped-up efforts to crack down on unfair business practices, industry sources said Tuesday. The Fair Trade Commission (FTC) started to send a team of investigators on May 13 to the offices of the NHN Business Platform (NBP) located in Bundang, south of Seoul, to obtain related data and documents, according to the sources.

Yahoo redesigns Flickr to make photos bigger, more central, offers 1 terabyte of free storage

The Canadian PressMay 20, 2013 21:16

NEW YORK, N.Y. - Fresh on the heels of its $1.1 billion acquisition of Tumblr, Yahoo says it is rebooting its languishing photo-sharing site Flickr with plans to make it "awesome" again. Yahoo Inc. said at an event in New York City's Times Square on Monday that it is now offering users 1 terabyte of online storage for free. One terabyte is 1,024 gigabytes — enough to store more than 500,000 images at a resolution common to most smartphones.

Tumblr deal sparks talk on next big tech target

Agence France-PresseMay 20, 2013 19:15

The billion-dollar deal for Tumblr has stirred talk on the next big acquisition target in the sector, with cash-rich tech giants looking for the next potential star. Yahoo!'s blockbuster deal for the popular blogging platform comes amid a battle for eyeballs on the Internet among big tech firms such as Facebook, Google, Amazon and Apple. "All the big internet companies that have money are potential buyers," said Michael Pachter, analyst at Wedbush Securities. "Then it depends on what they want to be and how much they are willing to pay."

Under Mayer: Boosting mobile, redesigning the Web page, buying companies as stock gains

The Canadian PressMay 20, 2013 19:00

Yahoo Inc. lured Marissa Mayer from Google in July to become its fifth CEO in as many years. Her task: Help the Internet pioneer regain its stature after years in a financial funk. In her 10 months leading the company, she has overseen a redesign of Yahoo services and orchestrated several acquisitions, including a deal to buy online blogging forum Tumblr for $1.1 billion. Here are some of the milestones on her watch:

Pinterest updates: more information and mobile apps

Agence France-PresseMay 20, 2013 14:15

On May 20 the popular social networking site Pinterest announced updates to its service. The announcement, made via Pinterest's blog, confirmed that the service has worked with what it defines as "popular websites" to provide more information on pins. So, for example, if a user of the site pinned a recipe it would provide additional information on cooking times or serving suggestions, among other things, while product pins for items such as clothing, for example, will be updated daily with information such as where the product can be purchased and how much it costs.