Yahoo buys Tumblr for $1.1 Billion — Good or Bad?

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Yahoo has confirmed that it will pay over $1.1 billion for Tumblr in an almost-all-cash deal and they basically said that they promised to “not to screw it up.” Creator David Karp is 26, is walking away with an estimated $275 Million from the deal.He started Tumblr when he was 21 back in 2007.

Many Tumblr die hards are going crazy and predicting that Tumblr might go the Facebook route and totally put profits over usability. While Yahoo CEO Marissa Mayer took to Tumblr herself to ease users and to post the GIF below. More news on this later as this will most definitely be an on going story.

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Source: TechCrunch

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