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Yahoo Acquiring Tumblr, Seeks Hulu

Yahoo is acquiring Tumblr, the microblogging and social networking website, for $1.1 billion USD. Tumblr offers little revenue but lots of eyeballs if Yahoo can monetarize them. Now Yahoo is bidding for Hulu, the streaming video service. After years of ineffective responses while Google, Facebook, and others took large chunks of the online advertising market, Yahoo is fighting back. Can Yahoo reignite the momentum it had at the turn of the century? What do you think?

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