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Posted by : Unknown Wednesday, 22 May 2013


The  Board of Directors at Yahoo Inc. score authorised a $1.1 billion bid in their endeavour to chisel New York-based blogging situation Tumblr.

The gathering was called upon by Marissa Filmmaker on Sun farewell and according to reports the card had supposition its commendation. Tumblr was founded by Painter Karp in the gathering 2007 in his mother's housing in New York. Karp was meet 21 geezerhood punt then and within a period it had 75,000 users. By Jan 2012 it reached a integer of 42 1000000 blogs on the position. There are about 110 meg blogs on the position as of today and investors such as Sir Richard Branson change invested $125 million in the companionship.

If the stack goes as intended, Yahoo could regain its former heritage, and propelling it affirm into one of the directive contenders in the cyberspace humanity. Character came into world before Google and nearly a decennary before Facebook. Tumblr foreseen to reaching a income of $100 million for the year 2013 but that seems highly unlikely now. This acquisition would sure support investors in facing hardship, way in purpose the business resound Tumblr is exploit through.

Nevertheless for Yahoo, Tumblr could channel into an updated edition of Geocities, which was the position most visited computer on the Net when Yahoo procured it in January 1999. Notwithstanding, it could not get $3.57 cardinal dollars it mercenary - alone in lumber, valued at $36 per get. Geocities was closed in 2009 and it all wiped off from the face of the internet. For Mayers and Karp along with millions of Tumblr users, the desire staleness be that the Geocities saga doesn't utter itself if Yahoo's bid to cheat Tumblr turns out to be a success.

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