Yahoo & Tumblr Acquisition Deal Now Official

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tumblrToday, Yahoo has cleared its deal with Tumblr.

“We’re excited to announce that our deal to acquire Tumblr has closed… it’s official!,” announced Yahoo CEO Marissa Meyer.

She said that Tumblr will run as a separate business under David Karp as CEO.

The Tumblr product, their team, and tone will remain the same.

She said, “Their mission to empower creators and curators alike to do what they love best: create. David and his team are redefining creative expression online, and we can’t wait to see what they come up with next.”