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 $1.1 billion acquisition of blogging service Tumblr will be a test of her ability to revive the aging Web portal.
eBay fell$. 76 or 1.3 percent, to $55.95. Google fell$. 65 or. 1 percent, to $908.53. Groupon Inc. rose$. 01 or. 1 percent, to $6.98.
*Yahoo's board approves $1.1 bln Tumblr acquisition. NEW YORK, May 20- U.S. stocks slipped by afternoon trade on Monday as indexes struggled to break above their record levels with investors hesitant to rush into the market.
Cisco Systems Inc. fell 2.0 percent to $23.76 with 29,194,000 shares traded. Facebook Inc. fell 1.7 percent to $25.80 with 26,942,000 shares traded. Intel Corp. rose. 2 percent to $24.08 with 16,610,500 shares traded.
eBay fell$. 36 or. 6 percent, to $56.35. Google rose $2.56 or. 3 percent, to $911.74. Groupon Inc. rose$. 03 or. 4 percent, to $7.00.