Yahoo close to buying Tumblr site

Tumblr
Tumblr

Yahoo is on the verge of buying online content-sharing site Tumblr in a 1.1 US billion dollar (£725,115,300) deal.

The acquisition could be announced later, and would be the biggest of the 10-month reign of chief executive Marissa Mayer as she tries to attract more traffic and advertisers to the Internet company's website and mobile applications.
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