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Sunday 05/19/13

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  • Yahoo building

    Brian McGuiness/CNN

    Yahoo to buy Tumblr for $1.1 billion: Report

    The Yahoo board has reportedly approved a deal to pay $1.1 billion in cash for the blogging site Tumblr. Rumors had been swirling late last week that Yahoo CEO Marissa Mayer was in talks with Tumblr CEO David Karp.

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