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On May 13, 2012, Yahoo issued a press release stating that Thompson was no longer with the company, and would immediately be replaced on an interim basis by Ross Levinsohn, recently appointed head of Yahoo's new Media group.On May 19, 2013 the Yahoo board approved a

On May 13, 2012, Yahoo issued a press release stating that Thompson was no longer with the company, and would immediately be replaced on an interim basis by Ross Levinsohn, recently appointed head of Yahoo's new Media group.On May 19, 2013 the Yahoo board approved a $1.1 billion purchase of blogging site Tumblr.

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On May 13, 2012, Yahoo issued a press release stating that Thompson was no longer with the company, and would immediately be replaced on an interim basis by Ross Levinsohn, recently appointed head of Yahoo's new Media group.

On May 19, 2013 the Yahoo board approved a $1.1 billion purchase of blogging site Tumblr.

Tumblr's CEO and founder David Karp would remain a large shareholder.

The announcement reportedly signified a changing trend in the technology industry, as large corporations like Yahoo, Facebook, and Google acquired start-up Internet companies that generated low amounts of revenue as a way in which to connect with sizeable, fast-growing online communities.

According to third-party web analytics providers, Alexa and Similar Web, Yahoo!

.1 billion purchase of blogging site Tumblr.

Its stock price skyrocketed during the dot-com bubble, Yahoo stocks closing at an all-time high of 8.75 a share on January 3, 2000.Just a quick note reminding people to kindly disconnect from the server when you are finished chatting.Each day, thousands of people are refused access because the server has reached its capacity.The company struggled through 2008, with several large layoffs.In February 2008, Microsoft Corporation made an unsolicited bid to acquire Yahoo for .6 billion.

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