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Yahoo (NASDAQ:YHOO) Expands Portfolio with Tumblr Acquisition; $1.1 Billion Pact

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The Sunnyvale, California-based Yahoo! Inc (NASDAQ:YHOO) is acquiring blogging network Tumblr Inc, headquartered in New York, for almost $1.1 billion as CEO Marissa Mayer tries to attract more users and advertisers with her priciest acquisition to date.

Yahoo, the biggest …


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