Mergers and Acquisitions

Features

Yahoo Snaps Up Tumblr, Revamps Flickr

Yahoo took bold steps to capture a younger audience this week, announcing plans to acquire Tumblr for $1.1 billion and launching a redesigned Flickr offering a free terabyte of storage to each user.

Features

ISS Urges Clearwire Holders To Back Sprint

Clearwire shareholders should vote in favor of a proposed acquisition by Sprint Nextel, given a lack of better options to keep the company afloat, proxy advisory firm ISS said  Friday.