Only a couple of days ago we reported that Yahoo was apparently interested in acquiring Tumblr for $1 billion. Tumblr is believed to be ideal for brand advertising as its user base majorly consists of young and creative crowd. Yahoo has recently been on an acquiring spree as it hopes to turn itself around with ex-Googler Marissa Mayer as CEO. The Wall Street Journal claims via Twitter that Yahoo’s board has approved a $1.1 billion cash deal for the acquisition of Tumblr.
It is being said that Yahoo will be officially announcing this acquisition tomorrow at a media event in New York. Obviously it is a bit too soon to comment on how exactly Yahoo plans on using Tumblr and its substantial user base to its advantage. Despite being one of the major blogging platforms out there, Tumblr’s revenues are termed as “modest.” Perhaps we might see a major change in direction with regards to revenue generation? One of the reasons behind this acquisition is believed to be Yahoo’s aim to offer a competitor for Google’s popular Blogspot service, with Tumblr now reportedly securely under its belt, that aim doesn’t seem too far-fetched now.
Much has already been said about the iPad mini 2, though nothing has been confirmed by the company. It is believed that Apple will launch the next generation iPad mini in Q3, 2013. CEO Tim Cook’s statement that the company’s new products won’t be coming until September lines up perfectly with these rumors. The iPad mini 2 display is perhaps something that fascinates the rumor mill, the most. This upcoming tablet will reportedly tout a Retina Display. High resolution Retina Display or not, according to a new report by Digitimes, these displays are going to be developed by three major suppliers: LG, Sharp and AU Optronics.
The report cites Taiwanese supply chain sources, which have proven to be wholly hit or miss in the past, claiming that AU Optronics has been facing issues in manufacturing iPad mini displays. It further claims that due to this, AUO’s future as a major supplier for Apple is undecided. AU Optronics has also reportedly submitted sample panels to Apple for its certification. The other two alleged manufacturers are said to be LG and Sharp, both are thought to have solid yield rates and no production issues.