Yahoo board has approved a deal to acquire blogging startup Tumblr, people familiar with the matter said Sunday.
Yahoo has agreed to pay $1.1 billion in cash for the company, one of the people said.
Tumblr would continue to operate largely as an independent business, the people said. - More
Google is set to introduce a subscription music feature to compete against fast-growing streaming services like Spotify, according to several people briefed on its plans.
Google is planning to introduce the new service as early as Wednesday at Google I/O, the company’s annual conference for software developers. - More