Yahoo may Acquire Tumblr for $1.1 Billion
Yahoo may be on the verge of acquiring microblogging site Tumblr, with the deal being valued at $1.1 billion, according to reports. Yahoo’s board is expected to meet this Sunday to conclude the deal, which is expected to be entirely in cash. Strengthening the rumors further, Yahoo has sent out invites for a ‘product-related’ news…