Yahoo is going to buy Social Blogging platform Tumblr for $1.1 Billion.

Tumblr, Which is a very famous social-networking and blogging platfrom and is widely used by Teenagers and Youngsters around the world, is going to be acquired by by Yahoo! Inc . Yahoo's board of directors has approved the deal to buy Tumblr for $1.1 billion in cash. However Tumblr and Yahoo! haven't released any official statements.








