Yahoo has completed an agreement to acquire social networking platform Tumblr for $1.1 billion in cash, according to multiple media outlets.
Yahoo is in advanced discussions to acquire social networking platform Tumblr for as much as $1 billion, Adweek reports. AllThingsD first reported on the talks, noting the two firms are also mulling strategic alliance and investment options.
Dylan Casey is exiting his post as head of product management at mobile social networking app Path to join Yahoo, All Things D reports.
Yahoo is exploring options to wriggle out of its 10-year search pact with Microsoft but has so far failed to identify an escape route, The Wall Street Journal reports.
Since Marissa Mayer took over at Yahoo, she appears to be firmly focused on a mobile and content-centric strategy.
Yahoo has acquired task management application Astrid. Financial terms of the deal were not disclosed.
Shazam has named former Yahoo executive Rich Riley as its new CEO, replacing longtime chief Andrew Fisher, who will transition to executive chairman duties. AllThingsD reports Shazam is making the moves to strengthen its leadership team and put itself in position "for next stage of growth and IPO."
Yahoo is rolling out an overhauled version of its flagship application for Apple's iOS, integrating technology from mobile news app Summly, which it acquired for a reported $30 million late last month.
Yahoo is discontinuing a series of legacy mobile applications, shifting its focus to building newer mobile services like its revamped Yahoo Mail for Apple's iPad and Google's Android tablets and Yahoo Weather for iPhone, both introduced last week.
While not supporting working at home for employees, Yahoo's chief Marissa Mayer is embracing mobility, at least for Yahoo's products.