Update: The deal has been approved by Yahoo’s board, says Kara Swisher
Yahoo is attempting to procure Tumblr for $1.1 billion, and its board will meet on Sunday night to discuss the deal, according to Peter Kafka and Kara Swisher of AllThingsD — who at this point may have a direct line into Yahoo CEO Marissa Mayer’s occipital lobe (Update: the deal has been approved by Yahoo’s board, says Kara Swisher). With over 100 million visitors per month, according to comScore, and 108 million blogs, according to Tumblr’s homepage, Tumblr could be a great acquisition for just about any major company. But what kind of company is Yahoo trying to become?