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20/05 07:25 CET
It is reported the board of Yahoo has green-lighted a deal to buy the New-York based blogging service Tumblr for more than 850 million euros.
The news is expected to be officially announced later. If confirmed, the plan would give Yahoo a larger social media presence and enhance its appeal to younger consumers.
Copyright © 2013 euronews
Copyright © euronews 2013
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