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LOS ANGELES/ NEW YORK, May 24- Yahoo Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp and Walt Disney Co, two sources with knowledge of the bid told Reuters on Friday. Yahoo just this week announced a $1.1 billion acquisition of blogging service Tumblr.
This is part of enhancing our growth story, said Marissa Mayer, CEO of Yahoo! on why her company acquired blogger website Tumblr for $1.1 billion. And, David Karp, CEO of Tumblr, explains how this "mission" provides an opportunity to serve "an incredibly creative community."
SAN FRANCISCO, May 20- Yahoo Inc announced on Monday it would shell out $1.1 billion to buy blogging service Tumblr, in a bid to revitalize its brand and attract a younger generation of users.
SAN FRANCISCO, May 20- Yahoo Inc Chief Executive Marissa Mayer's $1.1 billion acquisition of blogging service Tumblr will be a test of her ability to revive the aging Web portal.
Investors are asking how Yahoo plans to make money off Tumblr's users—who want reassurance the grown-ups won't spoil the fun.
CNBC's Jon Fortt has the details on one of the largest social networking acquisitions in years. And, Eric Jackson, Ironfire Capital, provides insight on what the merger means for shareholders.
There are three big things Marissa Mayer and company are getting in its $1.1 billion grab for the social blogging service, reports CNBC's Jon Fortt.
May 20- Yahoo Inc said it is acquiring blogging service Tumblr for $1.1 billion cash, a bold bet by Chief Executive Marissa Mayer to revitalize the struggling Internet pioneer by co-opting a Web property with strong visitor traffic but little revenue.
The "Squawk on the Street" news team reports on today's top business headlines, including Yahoo's bid to buy Tumblr; and whether the Fed is propping the market's rally.
The "Squawk on the Street" news team discusses Yahoo's bid to buy Tumblr.
The deal, which will use about one-fifth of Yahoo's $5.4 billion in cash and marketable securities, is the largest by far since Yahoo Chief Executive Marissa Mayer took the reins in July in order to reverse a multi-year decline in Yahoo's business and its Web traffic.
CEO Marissa Mayer and company are planning to buy blogging website, Tumblr for $1.1 billion, reports CNBC's Jon Fortt.
"I really think it's a great win from both sides of the equation," says Chris Cunningham, appssavvy co-founder & CEO.
Billionaire hedge fund manager Daniel Loeb said Sony reminds him of Yahoo before he waged a bitter proxy fight that triggered a boardroom shake-out at the Internet company.
May 14- Billionaire investor Daniel Loeb likely faces an uphill battle to convince Sony Corp to embrace his proposal to spin off its entertainment arm, but he likely already holds a winning hand in his bet on the Japanese electronics giant. Loeb and investors in his hedge fund Third Point Offshore are already reaping the benefits of a well-timed move into Japan.
*Still mulling future of 35 pct stake in Yahoo Japan. SAN FRANCISCO, May 14- Yahoo Inc plans to ramp up advertising and marketing efforts as it seeks to break its reliance on an "aging demographic" and become more relevant among young adults, the company's finance chief said on Tuesday.
The tech giant hopes its redesigned look will impress users and investors, reports CNBC's Jon Fortt.
SAN FRANCISCO, May 7- Microsoft Corp extended the revenue guarantee it provides to Yahoo Inc in the companies' underperforming search partnership, Yahoo said on Tuesday. Extension of the search revenue guarantee marks Yahoo's first agreement with Microsoft since Marissa Mayer became Chief Executive of Yahoo in July.
PARIS, May 1- France's industry minister said he had blocked Yahoo Inc's plan to buy a majority stake in online video website Dailymotion because the U.S. group wanted to "devour" its smaller competitor.
*Minister regrets Yahoo decision to not buy French website. PARIS, May 1- France's industry minister said on Wednesday that Yahoo Inc's plan to buy a majority stake in online video website Dailymotion from France Telecom would not have benefited the two companies.