Yahoo has announced it is buying networking and blogging website Tumblr. <br /><br />The deal is worth over a billion dollars, over 850 million Euros, to be paid in cash. <br /><br />Tumblr claims to have over 108 million blogs and its younger user base may help to bolster Yahoo's cool factor. <br /><br />It the largest acquisition for new Yahoo boss Marissa Mayer, since taking the helm of the company last summer.<br />http://www.euronews.net/
