Techmeme
May 18, 2013, 4:15 PM

Top News

AllThingsD:
Yahoo Board to Meet Sunday to Consider $1.1 Billion, All-Cash Deal to Acquire Tumblr  —  According to sources close to the situation, the Yahoo board plans to meet Sunday night to decide whether to approve a $1.1 billion all-cash offer for New York-based blogging site Tumblr.
Joshua Brustein / Businessweek:
If Yahoo Buys Tumblr, What Will It Do With All That Porn?  —  If Yahoo succeeds in its attempt to acquire Tumblr, it will end up with one of the hottest Internet properties in today's Web, with access to the coveted youth market and a foothold in mobile.  —  It will also wind up with a whole lot of porn.
More: GigaOM and Valleywag
Rip Empson / TechCrunch:
Grubless?  Online Takeout Giants GrubHub And Seamless In Talks To Merge  —  Today, thanks to the maturation of the web, digital tech, and smartphones now in seemingly every pocket, startups are finding it easier than ever before to build scalable solutions to finally address the many inefficiencies …
More: The Verge
Ingrid Lunden / TechCrunch:
With PayPal-Like Ambitions For Bitcoin, BitPay Raises $2M Led By Founders Fund  —  BitPay, the startup with ambitions to become the PayPal of the bitcoin world, is today announcing that it has raised another $2 million.  And in a kind of poetic justice, the round is led by none other than the Founders Fund …
Neha Alawadhi / Reuters:
Yahoo Japan suspects 22 million user IDs leaked: Kyodo  —  (Reuters) - Yahoo Japan Corp said on Friday night it suspected that up to 22 million of its user IDs may have been “leaked” and it detected an unauthorized attempt to access the administrative system of its web portal Yahoo Japan, the Kyodo news agency reported.
Shalini Ramachandran / Wall Street Journal:
DirecTV Consider Bid for Hulu  —  DirecTV, the second largest U.S. pay-TV provider, is weighing a potential bid for Hulu, the latest company to show interest in the six-year-old video site, according to a person familiar with the matter.  —  Hulu's owners, including Walt Disney Co. …
Darrell Etherington / TechCrunch:
Google Play In-App Purchase Revenue Growth Jumps 7X In One Year, Subscription Revenue Growing 2X Each Quarter  —  Google held a session today at I/O 2013 about how to make money on Android, and in the initial few minutes it shared some updated stats around Google Play revenues and how those are progressing.
Matt Hartley / Financial Post:
Canada's Competition Bureau plans investigation into Google Canada  —  Canada's Competition Bureau is gearing up to launch a formal inquiry into the business practices of Google Inc.'s Canadian operations.  —  Google was recently notified by the Competition Bureau of the watchdog organization's intentions …

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