Mon 20 May, 2013 07:46 am
Yahoo confirms $1.1 billion Tumblr acquisition
The company said today that "substantially all" of the acquisition was payable in cash, and Tumblr will remain a separate entity.
Yahoo-Tumblr: 7 ways to evaluate the union
Tumblr needs to be woven into Yahoo's fabric to help it become more pervasive, mobile, social, personalized and profitable, as well as younger and faster growing.
It's a great internet cultural move for Yahoo. It's a great financial move for the founders/owners of Tumblr. But I'm not sure if the transaction is going to be good for the loyal users of the social networking site.
The prospects aren't good.
I used to use Yahoo! Calandar for text reminders, but they removed that option about a month ago with no forewarning.