Yahoo May Acquire Tumblr for $1 billion


 There are reports from many sources that, Yahoo! Inc. is in a serious talk with the social blogging website, Tumblr, Adweek today reported that this deal with go high as $ 1 billion.

Yahoo needs to rise and wants to engage better in its audience, Tumblr is so famous in youngster specially in between 18 to 24, so Tumblr is well-suited for brand advertising, Marissa Meyer, the chief executive of Yahoo! Knows it very well.

"Tumblr is finally starting to really monetize but expectations are very high from the board, particularly newer investors who came in at a very high price," said by a venture capital expert.

Big advertisement sale by Yahoo could help Tumblr to ramp up their sales and gets many new customers. The talks is going on between two companies, the deal expected to happen by this weekend.

Update: The deal now in a $1.1 billion stage

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