TODAY | May 20, 2013
>> topic number two in trending the board of yahoo! has approved a deal to purchase the popular blogging website tumblr for $1.1 billion, an official announcement could come today. it would be yahoo!'s biggest acquisition since marisa meyer took the reins. more than $1 billion for tumblr . google paid $1.65 billion for youtube seven years ago. facebook paid about $1 billion for instagram so we hope it's money well spent.
>> yahoo! has been on a buying freeze and this is her strategy to turn the company around.
>> tumblr has 117 million users worldwide. could you say it's a good acquisition.