Reports: Yahoo Board Approves $1.1 Billion Purchase Of Tumblr

The deal for the blogging site is designed to attract younger users to the ailing Web portal. The Wall Street Journal is basing its report on unnamed sources close to the situation.

Source: http://www.npr.org/blogs/thetwo-way/2013/05/19/185304739/wsj-yahoo-board-approves-1-1-billion-purchase-of-tumblr?ft=1&f=1006

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