Yahoo Board Has Approved A $1.1 Billion Cash Deal For Tumblr, WSJ Reports

The Wall Street Journal is now reporting via Twitter that the rumored $1.1 billion cash acquisition deal for social blogging site Tumblr has been approved by Yahoo's board of directors. The Tumblr acquisition was rumored last week, with a price tag reportedly north of $1 billion, which appears to be accurate if the WSJ's sources are correct.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/Yg0khab4X6Y/