{"id":6587,"date":"2013-05-21T05:31:06","date_gmt":"2013-05-21T09:31:06","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=6587"},"modified":"2013-05-21T05:31:06","modified_gmt":"2013-05-21T09:31:06","slug":"yahoo-inc-nasdaqyhoo-plans-to-buy-tumblr","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/yahoo-inc-nasdaqyhoo-plans-to-buy-tumblr-6587","title":{"rendered":"Yahoo! Inc (NASDAQ:YHOO) plans to buy Tumblr"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 05\/21\/2013 (wallstreetpr) &#8211; Monday\u2019s trading session saw Yahoo! Inc (NASDAQ:YHOO) up by 0.23%. It closed at a price of $26.58 which reached an intraday high of $27.05 before heading down to close at $26.21 per share. In excess of 25.10 million shares exchanged hands in Monday\u2019s trading session, which was above the average volume of 17.72 million that was measured over a 30-day period.<\/p>\n<p style=\"text-align: justify;\">Yahoo will be buying Tumblr for $1.1 billion. The latter is a six-year-old company with over 100 million users but has very low revenue. This deal spotlights the paradigm power-shift that is taking place in the technology business.<\/p>\n<p style=\"text-align: justify;\">Companies such as Yahoo have proved their sustainability and they have enough of cash to spend as well. However, companies such as Tumblr which is a blogging site, have their own special value as well. They are a treasure-house of communities of users that is growing at a phenomenal pace. That has upped the price tags. The prominent companies always fear that they will be left behind in the technology race as people&#8217;s online habits tend to evolve very rapidly. The all-cash deal to buy-out Tumblr has been approved by the Yahoo! Inc (NASDAQ:YHOO) board and the Tumbler board has also approved the offer. It is slated to be officially announced on Monday.<\/p>\n<p style=\"text-align: justify;\">YHOO is a digital media company. Via its insights and technology, the company delivers digital content and experiences, on a global level, across various devices. \u00a0It provides its users with online services and properties. In addition to this it also offers a range of marketing services.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 05\/21\/2013 (wallstreetpr) &#8211; Monday\u2019s trading session saw Yahoo! Inc (NASDAQ:YHOO) up by 0.23%. It closed at a price of $26.58 which reached an [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":6588,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[709,1816],"stock_ticker":[],"class_list":["post-6587","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-nasdaqyhoo","tag-yahoo-inc-nasdaqyhoo","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Yahoo! 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