Techmeme
May 20, 2013, 9:20 AM

Top News

David Karp / Tumblr Staff:
News!  —  Everyone, I'm elated to tell you that Tumblr will be joining Yahoo.  —  Before touching on how awesome this is, let me try to allay any concerns: We're not turning purple.  Our headquarters isn't moving.  Our team isn't changing.  Our roadmap isn't changing.
Marissa Mayer / Yahoo!:
Tumblr.  + Yahoo! = !!  —  I'm delighted to announce that we've reached an agreement to acquire Tumblr!  —  We promise not to screw it up.  Tumblr is incredibly special and has a great thing going.  We will operate Tumblr independently.  David Karp will remain CEO.
Robin Wauters / The Next Web:
Done deal: Yahoo acquires Tumblr for “approximately $1.1 billion”, promises “not to screw it up”  —  It's done.  —  As expected, Yahoo this morning announced its acquisition of blogging phenomenon Tumblr.  The Internet giant has bought the New York company for “approximately $1.1 billion” …
Peter Kafka / AllThingsD:
John Saroff / Saroff's Place:
New York Times:
Chinese Hackers Resume Attacks on U.S. Targets  —  WASHINGTON — Three months after hackers working for a cyberunit of China's People's Liberation Army went silent amid evidence that they had stolen data from scores of American companies and government agencies, they appear to have resumed …
Sharif Sakr / Engadget:
The first Jolla phone: 4.5-inch display, Android app compliant, 399 euros  —  Jolla's Love Day in Helsinki has already spilled some major news: pricing and specs for its first Sailfish OS handset.  The phone seems to be called “The Other Half” — or at least that's the working title for now …
Leena Rao / TechCrunch:
The Evolution Of Hacker News  —  The idea of a VC having its own news aggregator was a bit outlandish in 2007.  But Y Combinator was in an unusual position in those days anyway.  Startup incubators had been a highly visible part of the dot-com crash, and Silicon Valley was still skeptical of the concept nearly a decade later.
More: TechSpot
Ian Sherr / Wall Street Journal:
Microsoft's New Xbox Girds for a Smartphone Battle  —  Microsoft Corp. will unveil its new Xbox on Tuesday.  What's underneath the hood of the latest videogame console represents a multiyear odyssey of trying to figure out how to keep the machine “cool” in the age of smartphones and tablets.

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