The secret is out – Yahoo! is purchasing Tumblr for $1.1 billion

Things moved super fast this weekend, as Yahoo!’s board gave the green-light and ever-so-needed approval to acquire Tumblr, for an astonishing $1.1 billion. As reported on Friday, it was said that Yahoo! was in serious talks to buy Tumblr, as they look to take the next big step in making Yahoo! relevant again, and targeting[…]