Report: Yahoo Board Approves Tumblr Acquisition

on
Thumbnail

Yahoo's board of directors has approved a $1.1 billion acquisition of blogging platform Tumblr , according to a breaking news alert from The Wall Street Journal . The deal is reportedly an all-cash acquisition, according to WSJ , and Tumblr will maintain control of its operations. Tumblr and Yahoo have not released any official statements. There were rumors circulating Friday about the Tumblr acquisition , which stated Yahoo's board, under the direction of still-new CEO Marissa Mayer, would discuss the potential over the weekend SEE ALSO: Does Tumblr Lose Its Cool If It's Acquired? According to a report from AllThingsD , Mayer was interested in the platform's younger-skewing user base, and had been in talks with the board about Tumblr for the last six weeks AllThingsD also reported no other parties made bids on Tumblr. Read more... More about Yahoo , Tumblr , Business , and Media Read more »

Report: Yahoo Board to Meet Sunday to Mull $1.1 Billion Tumblr Purchase

on
Thumbnail

Yahoo looks to be very seriously eyeing a Tumblr acquisition, according to a report from AllThingsD The tech blog is reporting that the Yahoo board plans to meet Sunday to mull a $1.1 billion all-cash bid for Tumblr ATD cautions that the deal could fall apart, but was on track as of Friday evening. If the board votes in favor of the deal, it could be announced Monday, a day in which Yahoo has already scheduled a major press conference . Reps from Yahoo and Tumblr could not be reached for comment on the report. The report goes on to say that Yahoo CEO Marissa Mayer has been intensely interested in Tumblr for the past six weeks and feels that the microblogging platform's young-skewing audience and mobile savvy are just what Yahoo needs to reinvent itself. Sources tell ATD that Tumblr CEO would continue to operate it as an autonomous, separate entity. Karp would be locked into a four-year deal that would reward him based on the business's performance Read more »

Yahoo Doubles Maternity Leave for Employees

on
Thumbnail

Two months after Yahoo restricted employees' work-from-home option, it is giving its workers another perk: more paid leave for new parents. Yahoo is doubling the amount of paid leave time that new mothers are eligible to take, from eight weeks to 16 weeks, and letting new fathers take eight weeks of paid leave, as first reported by NBC Bay Area . That puts Yahoo more in line with other Silicon Valley companies like Google, which offers 22 weeks of paid maternity leave and seven weeks of paid maternity leave, and Facebook, which gives four months of paid leave to both new mothers and new fathers. Read more... More about Yahoo , Marissa Mayer , and Business Read more »

Yahoo! Mail Partners With Dropbox To Add File Attachments, Brings Brand New Audience To File Hosting Service

on

It’s no secret that Yahoo! is overhauling all of its flagship products, including mail. The service has gotten a refresh on both the web and mobile , and today, the company has announced a partnership with file-backup and sharing service Dropbox . The partnership will make it easier to send, receive and manage attachments in Yahoo! Mail. In case you’ve forgotten, Yahoo! Mail is still the No. 3 most-used mail service in the world behind Hotmail and Gmail. But the last time we checked, it was No. 1 in the United States . By acting nimbly, the company can add small tweaks and enhancements thanks to partnerships like this that will give it a potential edge against the competition. Read more »

Marissa Mayer Tells Inside Story of How Yahoo Wooed Her

on
Thumbnail

Marissa Mayer was originally planning a six-month maternity leave, but shortened that to two weeks after she got the CEO job at Yahoo, she revealed in a blog post on Friday. Mayer's contribution, on Sheryl Sandberg's Lean In blog, tells the inside story of her frame of mind when Yahoo came calling: On June 18th, I got the call. “I’m doing a CEO search. It’s a Fortune 500 company. It’s in the consumer Internet space. It’s in Silicon Valley — you wouldn’t even have to move Read more »

Did Marissa Mayer Spend $30 Million on 3 Employees and a License?

on
Thumbnail

It was a deal made for raising eyebrows and sparking headlines Yahoo announced Monday it had bought Summly , a news app startup founded by a 17-year-old developer in London, Nick D'Aloisio. The price tag wasn't officially announced, but estimates put it in the region of $30 million — 90% of it in cash. But the tech world is starting to question exactly what Yahoo CEO Marissa Mayer got for that payday. The Summly app, which summarizes long news articles, has been removed from the iOS App Store. The app wasn't bringing in any revenue; now it can't even bring in any new users intrigued by the announcement. (Nor can curious journalists review it.) Read more »

Google-Yahoo Advertising Deal And Two Other Stories You Need to Know

on
Thumbnail

Welcome to this morning's edition of " First To Know ," a series in which we keep you in the know on what's happening in the digital world. Today, we're looking at three particularly interesting stories. Yahoo has partnered with Google for contextual advertising — but you probably won’t notice much. What you will notice, is a change in Twitter's mobile apps , where Tweets, activity, trends and suggested follows are now condensed down into one big discover tab. Finally, Facebook’s Developers Live debuted Wednesday. It’s a video channel that will host walkthroughs, keynotes and other content for Facebook app developers. Read more »

Flickr Photos Now Show Up in Yahoo Image Searches

on
Thumbnail

Photos from Flickr are now showing up in Yahoo Image searches, the company announced on Thursday. Yahoo is making " tens of millions " of Flickr photos available, which are available for reuse and reposting. The photos are available under Flickr's Creative Commons licensing agreement. Photos not covered under Creative Commons won't be affected. Offering such images can give Yahoo a real advantage over Google and Bing, which do not offer the photos in their image searches. To use the feature, employ the left rail on the Yahoo Image Search page and click the "Labeled for Reuse" option. The move comes after Yahoo upgraded the Flickr mobile app last month with Twitter integration. The… Continue reading... Read more »