Techmeme
May 18, 2013, 2:45 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.
Josh Constine / TechCrunch:
Tumblr May Reject Yahoo's $1.1B Acquisition Offer For Being “Too Low”  —  Tumblr employees feel that Yahoo's $1.1 billion offer is “too low” and view it as “only a first offer,” according to sources close to acquisition talks.  Yahoo may have to increase the offer to close the deal.
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
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.
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 …
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. …
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 …
Ingrid Lunden / TechCrunch:
Big Data Analytics Specialist Tableau Software Raises $254M In IPO, Shares Close 64% Up; Marketo's First Day Up 78%  —  One year to the day of the troubled Facebook IPO, the climate for tech IPOs in the public markets is significantly less stormy, especially for companies in the enterprise space.

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