“Marissa Mayer, the former Googler who is now chief executive of Yahoo, is poised to create yet another nothing-to-riches tale in the web industry with a rumoured $1.1bn (£720m) acquisition of the blogging site Tumblr. Tumblr was only founded in 2007, by David Karp, then 21, in his bedroom in his mother’s apartment in New York. Within a fortnight it had 75,000 users; by January 2012, there were 42m blogs on the site; today, there are around 110m, and the investors who have poured $125m into the company include Sir Richard Branson.”

http://www.rawstory.com/rs/2013/05/19/yahoo-prepares-to-buy-tumblr-for-up-to-1-1-billion/

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