Monday, May 20, 2013

Yahoo purchase Tumblr for 1.1 billion dollars - Mad Money

Shop is part of the strategy of the CEO, Marissa Mayer, who goes by buying successful companies to improve the situation of technology

Marissa Mayer class=”txt11 black arial”> Marissa Mayer, CEO of Yahoo
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20.05.2013 | 16:00 | Mad Money

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Yahoo announced today that it has purchased the blogging platform Tumblr for 1.1 billion dollars (800 million euros). “I am delighted to announce that we have agreed to acquire Tumblr. We promise not to ruin it, “said the CEO of Yahoo, Marissa Mayer, in his blog. “Tumblr is very special and we will manage it separately,” he said.

The purchase is part of the strategy of new CEO – Marissa Mayer is not yet in Yahoo a year ago – passing by buying successful companies to give back to the state of technology.

Since taking office in July last year, six months pregnant, Mayer has led radical changes in the company. Started by prohibiting telework, became the free food, mobile phones offered to employees and bought several companies. The latter, Summly, cost 30 million and was bought at a 17 years (read more here).

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