Deals
Yahoo to Unveil Flickr Updates Amid Tumblr Purchase Talk
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Yahoo! Inc. is preparing to unveil updates to the company’s Flickr photo-sharing site today, amid reports that the board has approved a $1.1 billion acquisition of blogging network Tumblr Inc.
Yahoo Chief Executive Officer Marissa Mayer will detail changes to Flickr at a press event in New York, according to a person familiar with the matter, who asked not to be identified because the information is private. Yahoo’s directors authorized a purchase of Tumblr yesterday, the New York Times and Wall Street Journal reported, citing unidentified people familiar with the matter.