Yahoo! is under two decades old and is already showing signs of age. Tumblr, the cool blogging platform, represents a new generation. This split marks both a challenge and an opportunity for the firms, after the announcement that Yahoo! is buying the six-year-old startup for $1.1 billion, mainly in cash. "Yahoo users are behind the curve, Tumblr users too cool for school," said Arvind Narayanan, a Princeton University computer scientist, in a tweet. "From this POV (point of view) the acquisition seems ironically appropriate."

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."

Google Korea, the local unit of Android giant Google Inc., on Tuesday unveiled a new search model aimed at providing more comprehensive search results for South Korean users as it competes with homegrown Web portals that dominate the market.The Korean version of "Knowledge Graph," which was launched in a global version last year, enables users to find more accurate search results by showing various texts, images and information linked to a certain keyword, Google Korea officials said in a media session in downtown Seoul.The new service provides the search results on resources

Chinese netizens praised the US Treasury chief Thursday for eating a cheap dumpling lunch after meeting new President Xi Jinping, comparing his modest bill to the lavish spending habits of domestic officials. Jacob Lew met Xi in the grandeur of Beijing's Great Hall of the People on Tuesday, and later had lunch with two colleagues at the Bao Yuan Dumpling House near the US Embassy, where the bill came to 109 yuan ($17.50).