Tumblr News

Yahoo's chief executive is making a US$1.1 billion bet on the online blogging forum Tumblr as Marissa Mayer tries to make a former internet icon cool again.

Yahoo CEO Marrissa Mayer speaks during a news conference Monday, May 20, 2013, in New York.

The acquisition cost Yahoo $1.1 billion, "substantially all of which is payable in cash." " We're not turning purple .

Tumblr founder David Karp, shown speaking at the TechCrunch Disrupt NYCconference in New York last year, is the latest tech founder to strike it rich.

's acquisition of Tumblr, but the fact that Tumblr could not cash in on native advertising should not be lost in the noise.

With Yahoo!'s announced acquisition of social media platform Tumblr for $1.1 billion, Tumblr founder David Karp has yielded another significant windfall for the 26-year-old tech entrepreneur .

After all, Bill Gates, Steve Jobs and Mark Zuckerberg all dropped out of college.

Founder of Tumblr David Karp speaks during the Digital Life Design conference at HVB Forum on January 23, 2012, in Munich, Germany.

On Monday, we all learned that you can drop out of high school and in less than a decade become a multimillionaire.

Humans of NY is Tumblr founder David Karp's favorite site. HONY's Brandon Stanton and the Webby Awards Director are positive about the deal.

Yahoo is buying online blogging forum Tumblr for $1.1 billion as CEO Marissa Mayer tries to rejuvenate an Internet icon that had fallen behind the times.

Yahoo is investing big time in the social space. After some speculation, the Internet giant revealed on Monday that it has purchased popular blogging and social media network Tumblr for $1.1 billion.

A news headline about the Tumblr sale to Yahoo scrolls on a building in New York's Times Square, May 20, 2013.

"Mad Money" Research Director Nicole Urken sat down with her brother, TheStreet's Ross Kenneth Urken, to help Jim Cramer understand Tumblr , the social media blogging site being bought by Yahoo! Cramer, who had mistakenly interpreted Tumblr as a type of drink, wasn't aware of its purpose -- or its appeal.

Yesterday Kara Swisher of AllThingsD reported that "Tumblr CEO David Karpa will stay at Yahoo for four years at least and retain a lot of control over the servicea " and the official release confirmed, "Tumblr will be independently operated as a separate business.

Spark Capital is located on Boston's swank Newbury Street. But in recent weeks it has taken up some very ritzy media real estate for the $450 million it raised in the first quarter of 2013 and its leading role in keeping Tumblr going long enough for Yahoo to pay $1.1 billion in cash according to the New York Times for the blogging service.

U.S. stocks were set to dip at the open on Monday as investors search for catalysts after major U.S. equity indexes closed a fourth consecutive week of gains Friday.

Experts say the officer who killed a Long Island college student and a home invasion suspect on Friday was confronted with a split-second choice.

The Supreme Court is taking a new case on the intersection of religion and government in a dispute over prayers used to open meetings in an upstate New York town.

The plucky, 26-year-old Tumblr founder has sold his popular blogging platform to tech behemoth Yahoo for an amazing $1.1 billion, news site AllThingsD reported Sunday.