Yahoo completes the acquisition of Tumblr

YahooYahoo! today announced it has completed its $1 billion pound plus acquisition of Tumblr. Tumblr will continue to operate as a separate business. David Karp will remain as chief executive officer.

tumblrOn the deal completion, Tumblr CEO David Karp said, “We are beyond excited to partner with Marissa (Yahoo! CEO Marissa Mayer) and the wonderful team at Yahoo! that we’ve already come to know well. Their support and belief in our vision gives us an opportunity now to be the most ambitious we’ve ever been.”

Previous reporting – Yahoo! to Acquire Tumblr for $1.1BN – promises not to screw it up

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Yahoo! acquires snip.it

YahooYahoo! has acquired snip.it, a digital scrapbooking site.

This is the third acquisition since Marissa Mayer became CEO last year. In October, Yahoo! acquired Stamped, a New York-based mobile startup that allows consumers to share information about favorite restaurants and music on their smartphones. In December Yahoo! acquired video chat company OnTheAir. Both the previous acquisitions were made by Yahoo’s mobile group.snipit

Terms of the deal were not disclosed. AllThingsD reported that “Yahoo is paying “mid teens” of millions of dollars for the company”

See the announcement at snip.it’s website here.

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Yahoo! acquires video chat company OnTheAir

Reuters is reporting that, Yahoo! has acquired video chat company OnTheAir. Terms of the deal were not disclosed.

A Yahoo! spokeswoman said that Yahoo! had not plans to offer OnTheAir’s existing product, which lets Web users host live video conversations and was launched in March.

This is the second acquisition for Yahoo’s mobile group since Marissa Mayer became CEO earlier this year. In October, Yahoo! acquired Stamped, a New York-based mobile startup that allows consumers to share information about favorite restaurants and music on their smartphones.

Mayer, a former Google Inc executive, has said that her top priority is to create a coherent mobile strategy for Yahoo! and that she intends for at least half of the company’s technical workforce to be working on mobile products.

See the announcement at OnTheAir’s website here.

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