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Monday 20 May 2013

Yahoo poised to buy Tumblr for rumoured $1.1bn


Marissa Mayer, the former Googler who is now chief executive of Yahoo, is poised to create yet another nothing-to-riches tale in the web industry with a rumoured $1.1bn (£720m) acquisition of the blogging site TumbIr.

Tumblr's attraction is how easily people can create their own web presence; they can go from zero to blogging in less than a minute, collecting pictures, and posting stuff effortlessly. Unlike Facebook, it's anonymous; yet it has powerful search for finding "similar" content, which is often reshared. As the network grows, that internal sharing grows and grows.

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