Yahoo has agreed a deal to buy New York-based blogging service Tumblr for $1.1bn (�725m) in cash. Yahoo's chief executive Marissa Mayer said that as part of its promise "not to screw it up", Tumblr would operate independently.
In the tech/corporate world, Yahoo! just confirmed that it has agreed to pay $1.1bn for Tumblr, and promised not to "screw it up".
LONDON | Mon May 20, 2013 12:50pm BST. LONDON (Reuters) - British retailer Marks & Spencer is expected to report its lowest annual profit in four years on Tuesday as a struggling general merchandise division drags on the growth in food sales.
The independent board of Eurasian Natural Resources Corp has rejected a proposed offer by the embattled London-listed miner's billionaire founding shareholders to take it private.
Helped by the warmer weather, footfall on the high-street rose 3.4pc year-on-year in April, the biggest increase since the run-up to Chrismtas in 2011.