Yahoo's board of directors has approved an agreement to buy blogs and social networking sites QQ space to share $ 110 million in cash, the Wall Street Journal, citing people familiar with the matter said on Sunday.
This acquisition Melissa Meyer (Marissa Mayer) in charge of the once iconic Internet company since July 2012, the largest single transaction. Yahoo is interested in fast-growing Tumblr, because its young user base will strengthen the site of the "cool factor" of science and technology blog AllThingsD quoted sources as saying.
Mayer, Google's work for 13 years, is trying to revive the decline in business in recent years has been working to a former Internet giant. On its home page, QQ space to share, which hosts 1.08 million blogs and 50.7 billion jobs between them.
Yahoo declined to comment on the QQ space to share did not respond to requests for comment.
The deal failed attempts, recently bought a controlling stake of the French video site Youku, owned by France Telecom SA. A more successful Internet start-ups in New York, QQ space to share, has only just begun to earn income through advertising. On its home page, QQ space to share, which hosts 1.08 million blogs and 50.7 billion jobs between them.
Yahoo has invited reporters to an event in Manhattan on Monday, it promises to share something special, "did not elaborate.
 
 



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