Monday, June 3, 2013

Yahoo to Hold News Conference Amid Tumblr Acquisition Rumors

Samantha-murphy By Samantha Murphy2013-05-17 20:45:20 UTC

Following rumors that Yahoo is in talks to buy blogging platform Tumblr for an estimated $1 billion, the company has sent members of the press invitations to a mysterious event it is holding next week.

The event, which will be held at 5:00 p.m. ET in New York City on Monday, includes the tagline on the invitation: "Join us as we share something special."

Yahoo Press Event Invitation

Company CEO Marissa Mayer is expected to speak at the product-related news event, according to CNBC.

The news comes as reports indicated this week Yahoo is closing in on a deal to buy Tumblr, which would make the transaction — if it's $1 billion — the largest since Facebook bought Instagram in 2012.

Mashable composite. Image via iStockphoto, EdStock

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