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Yahoo Completes Tumblr Acquisition
Sunnyvale-based
Yahoo
said late last week that it has complteed its acquisition of photo blogging site
Tumblr
. The deal was worth approximately $1.1 billion in cash, and
had been announced
on May 20th. Yahoo said the acquisition will bring a "significant" new community of users to its network.
posted on Monday, June 24, 2013
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Yahoo
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