Wall Street Journal
This May 19, 2013 photo illustration taken in Washington, DC, shows the splash page for Yahoo and blogging platformTumbler seen on an iPhone. The board of Yahoo! has agreed to a deal to purchase the popular blogging platform Tumblr for $1.1 billion, the Wall Street Journal reported Sunday. Yahoo! did not immediately return AFP's calls for confirmation, but CEO Marissa Mayer has scheduled a news conference in New York Monday at which the company said it will unveil 'something special.' Reports last week said Yahoo! is eyeing the move to attract more users from the key 18- to 24-year-old age bracket, and that the Internet pioneer sees the fast-growing Tumblr as one of the 'coolest' sites with young Internet users.
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The Wall Street Journal is now reporting via Twitter that the rumored $1.1 billion cash acquisition deal for social blogging site Tumblr has been approved by Yahoo’s board of directors. The Tumblr acquisition was rumored last week, with a price tag reportedly north of $1 billion, which appears to be accurate if the WSJ’s sources are correct.
at its leadership level was probably cowed by the likelihood that doing its job against these organizations would be met by fierce criticism from Mitch McConnell, the Wall Street Journal editorial page and many others.
Usually you’d think the Wall Street Journal would be a fair newspaper. I suppose newspapers are hard to sell these daysMore quotes »
Newsday's coverage
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Yahoo buys Tumblr as board approves deal, report says
Incs board has approved a deal to buy blogging and social networking site Tumblr for $1.1 billion in cash, the Wall Street Journal cited people familiar with the matter as saying on Sunday.Such an acquisition would be Marissa Mayer s largest deal since taking Read more »
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Swerdlick: Why the GOP won't work with Barack Obama
2013: The New York Times ' Maureen Dowd is putting the onus on Obama for a "dunderheaded Congress " that won't "behave"; the Wall Street Journal 's Daniel Henninger complains Obama is guilty of "presidential followership" on Syria ; and The Washington Post Read more »
Around the web
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Making Deposits in the Sleep Bank
the Wall Street Journal tells us that, within limits, extra sleep can make up for missed sleep. Plus this: Recent data suggests that banking sleep in advance of a long night can actually offset upcoming sleep deprivation. "If you knew you were going to give 57 m ago from Mother Jones Read more »
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Daft Punk's Iconic Helmets Made By Humans After All (and Hawked on eBay)
selling harder, better, faster, stronger Daft Punk might want to consider getting into the costume-helmet business. The Wall Street Journal reports that unofficial replicas of the Random Access Memories duo's signature robot headwear go for hundreds and even 11:43 AM from Spin Read more »
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Phone Firms Sell Customer Data
Big phone companies have begun to sell the vast amounts of data they gather about their subscribers' locations, travels and Web-browsing habits, which the Wall Street Journal reports may be a treasure trove for marketers but raises new privacy concerns. 11:42 AM from LABJ Online Read more »
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Justin Berrier: WSJ's Moore Hypes Gov. Scott's Misleading Job Math
Wall Street Journal's Stephen Moore cited figures that independent analysts have called misleading to hype Florida Gov. Rick Scott's claims about his administration's job creation record. In a post on the Journal's Political Diary blog titled "The Florida 11:42 AM from Media Matters for America Read more »
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WSJ Argues For Reducing Historically Low Corporate Tax Burden
high profits. Following the May 21 Senate hearing into Apple's strategies to lighten its corporate tax burden, a Wall Street Journal editorial argued that the real issue was not the company's ability to dodge taxes, but the fact that U.S. corporate taxes are 11:20 AM from Media Matters for America Read more »
