SUNNYVALE, CA – Marissa Mayer had her sights set on one particular group when she made her first big purchase as Yahoo’s CEO. The youth of the nation. As in, the generation who’s life revolves around using the Internet.
Yahoo agreed to buy the blogging website Tumblr for a whopping $1.1B in cash. Apparently Tumblr fans aren’t tumbling with excitement about the acquisition, fearing the blog site will end up crowded with the ads just like Yahoo.
It’s unclear if Yahoo’s going to keep all of Tumblr’s 175 employees, or if they’ll be forced to kick rocks when the deal goes through.
Here’s to hoping this big deal doesn’t turn Mayer’s second year on the job into her terrible two’s. We already know how she feels about kids!