Published: June 21, 2013
A month after announcing its $1.1 billion bid to buy Tumblr, Yahoo! confirmed yesterday that the acquisition is already completed.
Tumblr is a service that allows users to make, see, and share small multimedia posts. This service is popular for the interesting images, many of them animated, produced by its users.
As a part of the acquisition, the founder and chief executive of Tumblr David Karp, together with a team of Tumblr workers, became Yahoo! employees.
"Tumblr is an incredible company. I'm thrilled to officially welcome David and his team to Yahoo!," stated Yahoo! CEO Marissa Mayer.
By ROM Cartridge. Image courtesy of Wikimedia Commons.
