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Marissa Mayer , the former Google executive who is now in charge of Yahoo , is poised to create yet another nothing-to-riches tale in the web industry with the $1.1bn (£720m) acquisition of the blogging site Tumblr .

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Mayer called Yahoo's board together on Sunday afternoon to discuss the firm's latest attempt to regain its former glamour and reports indicated the board had given its approval. Tumblr was founded in 2007 by David Karp, then 21, in a bedroom in his mother's apartment in New York. Within a fortnight it had 75,000 users; by January 2012, there were 42m blogs on the site; today, there are about 110m, and the investors who have poured $125m into the company include Sir Richard Branson.

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With a press conference due on Monday in New York's Times Square, just a couple of miles from Tumblr's headquarters, nobody expects Mayer will turn up empty-handed. According to the Wall Street Journal on Sunday evening , the Yahoo board have agreed to pay $1.1bn for Tumblr and will let it continue to operate as an independent business.

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all 10 news articles »


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As the Tumblr/Yahoo deal continues to be negotiated by press, and the world gears up for whatever is being announced Monday morning, Tumblr founder David Karp is probably having a very interesting weekend. It's likely, in between multiple discussions with his board members and Marissa Mayer, that he'll take a break, like a walk or something, to gather his thoughts.

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David Karp is probably having a very interesting weekend. It’s likely, in between multiple discussions with his board members and Marissa Mayer, that he’ll take a break, like a walk or something, to gather his thoughts.

Related Link : Search Engine Optimization (seo) Pune

On this walk (or jog or glass of wine at a bar), he will likely mull over two main outcomes. He could take Yahoo’s money, whether it be the $1.1 billion that the board is trying to approve giving him, or the more that he negotiates. Or, well, not.

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For Google Glass, it was only a matter of time before Glass-enabled Facebook and Twitter apps were launched for Glass users to hook up with their favorite social media platforms.

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That time, apparently, is now, as new apps for Facebook, Twitter, Tumblr and more were announced and shown off May 16 at the Google I/O 2013 Developers Conference in San Francisco, according to reports.

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The new Google Glass XE5 software update featured a host of improvements, such as crash reporting for the devices, incoming Google+ notifications for direct shares, comments and Google+ mentions, and increased speed for transcription of queries and messages.

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Apple wants to roll out its streaming music service this summer, but it's still hammering out details with Sony Music over some very specific terms.

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Apple, which has been aiming for a summer rollout of a streaming music service , has hit a negotiating snag with Sony Music over some of the features that it is building into its product.

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More specifically, Apple and Sony Music, the world's second-largest music label, are still trying to hammer out details over how much Apple would pay for songs that people listen to a fraction of and then skip, according to people familiar with the negotiations. There could be other points of contention as well.

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