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.
Sunnyvale Web portal Yahoo’s board of directors met Sunday and approved a $1.1 billion acquisition of online content-sharing site Tumblr in a deal Mayer negotiated, according to the Wall Street Journal.
Yahoo may be on the verge of closing its biggest acquisition under CEO Marissa Mayer, as she tries to attract more traffic and advertising to the Internet company’s website.
Yahoo is taking the next step in its effort to make some of its most popular services more appealing and accessible to the growing audience connecting to the Internet on smartphones and tablets.
Yahoo is making more money under CEO Marissa Mayer, even as the Internet company struggles to sell more of the ads that bring in most of its revenue.
Teenage programmer Nick D’Aloisio’s decision to sell his news application Summly to Yahoo for what’s rumored to be a massive payout has turned him into a media sensation. D’Aloisio said his computer skills were self-taught.
Yahoo is buying London startup Summly, the maker of a mobile application created by teenage entrepreneur seeking an easier way to read news stories and other content on the smaller screens of smartphones.
High tech workers say working from home is nothing more than part of the Silicon Valley culture. But, that appears to be changing – at least for Yahoo employees, who have been told to start working in the office by June 2013 – or quit.
Yahoo is renovating the main entry into its website in an effort to get people to visit more frequently and linger for longer periods of time.
Yahoo CEO Marissa Mayer thinks the Internet company will be able to please more people with fewer smartphone applications.