New Delhi: Yahoo's board has approved a deal to buy blogging and social networking site Tumblr for $1.1 billion in cash.
This is new Yahoo CEO Marissa Mayer's largest deal since taking the helm of the once-iconic Internet company in July 2012.
10 facts about Tumblr:
- 26-year-old David Karp is Tumblr's founder and CEO.
- Tubmlr was launched in February 2007.
- The company has 175 employees.
- Tumblr is headquartered in New York City.
- There are 108.4 million blogs on Tumblr.
- 50.9 billion blog posts have been posted on Tumblr.
- There are about 82.1 million new posts added to Tumblr every day.
- Tumblr is available in 12 languages.
- About 42% of the traffic to Tumblr comes from US.
- Tumblr says it is is ranked 17th on Quantcast's list of popular websites
- It is said that a large percentage of Tubmlr blogs serve porn, but actual figures are not available.
-IBN Live
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