Washington

FTC OK With Yahoo Purchase of Tumblr

Grants early termination of antitrust review 6/07/2013 09:54:37 AM Eastern

The Federal Trade Commission Friday signaled it has no
antitrust concerns with Yahoo's
$1.1 billion purchase of social media/microblogging site Tumblr.

It granted the deal early termination, which means the FTC
has concluded its Hart-Scott-Rodino antitrust review early with no plans to
file suit against the deal or add conditions in a settlement.

The deal boosts Yahoo's mobile presence and
monthly visits. Tumblr allows for the posting of multimedia to short-form
blogs.

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