The board of Yahoo! has agreed to a deal to purchase the popular blogging platform Tumblr for $1.1 billion, the Wall Street Journal reported Sunday.
The Tumbler Dashboard Founded in 2007 and headquartered in New York, Tumblr says it has more than 107 million blogs, 50 billion postings in 12 languages and 175 employees.
Yahoo! did not immediately return AFP's calls for confirmation, but CEO Marissa Mayer has scheduled a news conference in New York Monday at which the company said it will unveil "something special."