$1.1 billion for Tumblr
In May, Yahoo made its flashiest purchase to date under Mayer's guidance, buying Tumblr for $1.1 billion.
Promising "not to screw it up," the companies said Tumblr would remain a separate entity with the same "irreverence, wit, and commitment to empower creators." Founder David Karp stayed on in his role as CEO of Tumblr.
July 16, 2013 1:16 PM PDT
Photo by: Tumblr
| Caption by: James Martin
Conversation powered by Livefyre