cbs4 My 33 Header Logo

David Karp

(Source: CBS4)

Yahoo! Takes A Tumble With New Investment

Yahoo! CEO Marissa Mayer has opened up the company’s checkbook and made a huge investment in the online blogging site Tumblr. Yahoo! announced Monday that it had purchased the blogging site for an estimated $1.1 billion.

CBS Miami–05/20/2013