A source close to the deal told The Wall Street Journal that the agreement was approved in a meeting by telephone on Friday. He said the deal could be announced as early as Monday. Tumblr climbed to success shortly after launching in 2007 by making it easy for people to post blogs and photos, follow other people on Tumblr, and receive updates. It is continuing to grow at a rapid pace – the site had reached about 117 million unique users worldwide in March, up from around 58 million a year earlier, according to comScore. Upon acquiring Tumblr, Yahoo would gain a social media site which hosts communication and blogging for millions of people. However, the site generates little profit. Tumblr, which began placing ads on its site just last year, generated $13 million in revenue last year, Tumblr Chief Executive David Karp said in a recent statement. Yahoo believes it could help the blogging site bring in more money by selling ads and boosting its own revenue in the process, sources said. Yahoo Chief Executive Marissa Mayer, who joined the company last summer, became interested in Tumblr a couple of months ago, a source said. Acquisitions were expected to be part of Mayer’s strategy although she has only acquired small companies in the past. In the fall of 2011, Tumblr’s $85 million venture-capital investment valued the company at $800 million. Yahoo is also expected to deliver an update about its Flickr photo-sharing site on Monday, according to a source. …
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Celebrations for football team Paris Saint-Germain winning the league will not be allowed again says the city’s police chief, after the revelry descended into chaos and violence.
According to Bernard Boucault, 33 people, including three police officers, were injured in the French capital on Monday night.
Some 21 fans have been arrested for “questioning after throwing projectiles or causing damage.”
“It’s very sad and above all it’s a catastrophic image we’re showing today to people abroad. We really don’t need this today. We have so many difficulties and it’s not worth it to have this kind of behaviour which is harmful to the whole country,” said one Paris resident.
It is the first time PSG have won the French Ligue 1 in 19 years.
15,000 supporters gathered near the Eiffel Tower for what should have been a joyous occasion.
“Parisians had been waiting for this victory, but it is obvious that football is still sick. It’s the case for Paris Saint-Germain. It’s also the case for numerous other clubs,” said French Interior Minister Manuel Valls.
“Let me remind you that we regularly forbid supporters at a certain number of stadiums,” Valls added.
The team, including English midfielder David Beckham, were only able to stay in Trocadero plaza for two minutes before the violence erupted. A parade along the River Seine was cancelled.
In total, 800 police officers battled with hardcore fans known as “ultras” for several hours, during which time shops, restaurants and cars near the Champs Elysees had their windows smashed.
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