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fastcompany:

Yahoo has confirmed it is buying Tumblr for $1.1 billion. “We promise not to screw it up,” Yahoo CEO Marissa Mayer wrote on her Tumblr blog.
Tumblr CEO David Karp reassured users in his own Tumblr post that the acquisition would not change his six-year-old site’s user experience or mission, but rather make it faster.
Updates here

fastcompany:

Yahoo has confirmed it is buying Tumblr for $1.1 billion. “We promise not to screw it up,” Yahoo CEO Marissa Mayer wrote on her Tumblr blog.

Tumblr CEO David Karp reassured users in his own Tumblr post that the acquisition would not change his six-year-old site’s user experience or mission, but rather make it faster.

Updates here