This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Yahoo! Reportedly in Talks to Acquire Tumblr: Ahead of the Ticker

NEW YORK ( TheStreet) -- Yahoo! (YHOO - Get Report) is said to be interested in acquiring social blogging site Tumblr for a reported $1 billion.

Tech blog All Things Digital reported that Yahoo! is in serious talks with Tumblr executives about the potential acquisition.

Tumblr, a blogging site with an emphasis on sharing photos and videos, just reached 100 million blogs a little over a month ago. According to All Things Digital and Adweek, Yahoo! could be eyeing Tumblr in an effort to attract more users in the 18-24 years-old age bracket.

The reports come on top of Yahoo!'s announcement of a partnership with Twitter to bring real-time tweets to the Yahoo newsfeed. Yahoo! will now post Tweets alongside stories in effort to engage readers and help them discover more relevant content. CEO Marissa Mayer detailed the move in a blog post, where she said the integration will roll out to all U.S. desktop and mobile Web users over the next few days.

Yahoo! has made a series of acquisitions since Mayer became CEO, including Summly, Astrid, Milewise and GoPollGo.

A report from the Fair Labor Association said employees at Foxconn factories in China continue to exceed the country's limit on working hours.

Foxconn, which has come under fire for labor violations, operates factories where Apple (AAPL - Get Report) products are assembled. Apple has urged its suppliers to improve labor conditions over the past few years. It has been a member of the Fair Labor Association since 2012.

The report founds that workers at two Foxconn factories put in between 40 and 60 hours per week, exceeding China's cap of 40 hours per week and 36 hours maximum overtime per month. Apple and Foxconn have agreed to comply with limits on working hours by July 2013.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AAPL $124.75 0.00%
FB $80.78 0.00%
GOOG $524.05 0.00%
LNKD $253.75 0.00%
YHOO $44.45 0.00%


DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs