Yahoo may be on the verge of closing its biggest acquisition
during the 10-month reign of CEO Marissa Mayer as she tries to attract
more traffic and advertisers to the Internet company's website and
mobile applications.
The Sunnyvale, California, company's board of directors will
meet Sunday evening to consider approving a $1.1 billion acquisition of
online content-sharing site Tumblr in a deal Mayer negotiated, according
to the technology news site All Things D.
Intraday tips -The story posted late Friday
cited anonymous sources.
If Yahoo Inc.'s board signs off, the deal could be announced Monday.
Ncdex Tips
In an invitation sent Friday, Yahoo promised to unveil "something
special'' Monday evening in New York. The event is being held in a
Times Squares lounge located about two miles (three kilometers) from
Tumblr's headquarters.
Yahoo has only said that Mayer will
Nifty Tips - be on hand to unveil
something related to a product. A company spokeswoman didn't immediately
Stock Tips - respond to a request for comment about the potential Tumblr
acquisition.
share Tips -
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