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Wall Street Journal

This May 19, 2013 photo illustration taken in Washington, DC, shows the splash page for Yahoo and blogging platformTumbler seen on an iPhone. The board of Yahoo! has agreed to a deal to purchase the popular blogging platform Tumblr for $1.1 billion, the Wall Street Journal reported Sunday. Yahoo! did not immediately return AFP's calls for confirmation, but CEO Marissa Mayer has scheduled a news conference in New York Monday at which the company said it will unveil 'something special.' Reports last week said Yahoo! is eyeing the move to attract more users from the key 18- to 24-year-old age bracket, and that the Internet pioneer sees the fast-growing Tumblr as one of the 'coolest' sites with young Internet users.

Newsday's coverage

  • Yahoo buys Tumblr as board approves deal, report says

    Incs board has approved a deal to buy blogging and social networking site Tumblr for $1.1 billion in cash, the Wall Street Journal cited people familiar with the matter as saying on Sunday.Such an acquisition would be Marissa Mayer s largest deal since taking   Read more »

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    2013: The New York Times ' Maureen Dowd is putting the onus on Obama for a "dunderheaded Congress " that won't "behave"; the Wall Street Journal 's Daniel Henninger complains Obama is guilty of "presidential followership" on Syria ; and The Washington Post   Read more »

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