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Yahoo CEO Marissa Mayer speaks about the company's acquisition of Tumblr at a press conference in Times Square on May 20, 2013 in New York City. The internet giant Yahoo purchased the blogging site Tumblr for $1.1 billion. Mayer also announced a sleek new redesign of Yahoo's Flickr photo service. (Mario Tama/Getty Images)

Yahoo Completes $1.1 Billion Deal For Tumblr

Yahoo has completed its $1.1 billion acquisition of online blogging forum Tumblr.

06/20/2013

Yahoo CEO Marissa Mayer speaks about the company's acquisition of Tumblr at a press conference in Times Square on May 20, 2013 in New York City. The internet giant Yahoo purchased the blogging site Tumblr for $1.1 billion. Mayer also announced a sleek new redesign of Yahoo's Flickr photo service. (Mario Tama/Getty Images)

Yahoo Looks To Regain Its Cool With $1.1 Billion Tumblr Deal

Yahoo is buying online blogging forum Tumblr for $1.1 billion as CEO Marissa Mayer tries to rejuvenate an Internet pioneer that had fallen behind the times.

05/20/2013

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