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Yahoo to Acquire Tumblr – Promises not to screw it up

By Gina Milani

May 30, 2013

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I love the candor of that press release headline. As it states, Yahoo is acquiring the popular blogging service Tumblr for $1.1 billion – the deal should close in the latter half of 2013. Founded by 26-year-old David Karp, Tumblr expanded rapidly to over 100 million users in a just six short years. According to …