Yahoo to Buy Social Media Site Tumblr

Monday, May 20, 2013

Marissa Mayer speaks during an announcement September 8, 2010 in San Francisco, California. (Justin Sullivan/Getty)

Users of the photo rich blogging and social media site Tumblr aren't happy. Yahoo has plans to buy the site for $1.1 billion dollars in an all cash deal which extends the brand of Yahoo into this social media space. The deal would be one of the largest acquisitions of a social networking company in years.

Manoush Zomorodi is the host of WNYC's "New Tech City." 

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