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Yahoo has Agreed to Buy Tumblr for $1.1 Billion

There have been many rumours floating around the internet recently that Yahoo would put in an offer for the blogging service, Tumblr. According to the New Street Journal, the deal has now been approved, with the figure been around $1.1 billion.

The women behind Yahoo's latest Tumblr deal.

The women behind Yahoo’s latest Tumblr deal.

Mayer, who joined Yahoo last summer, wants to get people excited about using Yahoo’s services once again. An all new homepage, improved email services, and alterations to the Flickr service were recently unveiled by, Mayer. Now it looks like Tumblr will be the latest addition to Yahoo’s growing internet services.

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