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In Pictures: Yahoo Chief Marissa Mayer’s first yea...
Yahoo Chief Executive Marissa Mayer speaks at a news conference in New York May 20, 2013. Yahoo Inc will buy blogging service Tumblr for $1.1 billion cash, giving the Internet pioneer a much-needed social media platform to reach a younger generation of users and breathe new life into its ailing brand. The deal, announced on Monday, is a bold bet by Mayer to revitalize the company by co-opting a Web property with strong visitor traffic but little revenue.
In Pictures: Yahoo Chief Marissa Mayer’s first year