According to reports coming out today, Yahoo is engaged in negotiations to acquire the Tumblr blogging platform. Microsoft and Facebook have apparently also expressed interest in the acquisition.
From Forbes:
the social blogging site is in serious talks with Yahoo YHOO -0.07%,
which is looking to secure a strategic investment, partnership or even
an outright acquisition. In the latter scenario, the price could top $1 billion, which would represent a 25% premium over the valuation Tumblr got in its last funding round.
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