On Monday, May 20, 2013, Yahoo announced it will buy Tumblr, a popular blogging platform for $1.1 billion cash. Since Yahoo’s new CEO Marissa Mayer took over, the company has been making strides to make itself more relevant. Yahoo promises "not to screw it up," and will purchase the blogging site from David Karp, the 26-year-old boy-genius who heads Tumblr. With regard to the acquisition, Yahoo said Tumblr willRead more
