Published On: May 20 2013 02:17:16 PM CDTUpdated On: May 20 2013 02:23:35 PM CDT
Yahoo is acquiring popular social media blogging site Tumblr for $1.1 billion, the company announced Monday. That has Tumblr enthusiasts worried about possible changes to the site, but CEO Marisa Mayer promised Tumblr will operate independently and Yahoo won’t "screw it up." Take a look at other notable online startup acquisitions.
Yahoo raised eyebrows in March 2013 when it acquired news reader Summly from developer Nick D'Aloisio for a reported $30 million. The eyebrow-raising came from D'Aloisio being only 17.
Amazon announced it was acquiring Goodreads, a social site for avid readers, in March 2013. The terms weren’t disclosed.
Twitter acquired Vine, a stand-alone app that lets users share 6-second videos, in October 2012.
Facebook acquired Instagram in 2012 for $1 billion. But since most of that price was in Facebook stock, the actual price was closer to $736 million when Facebook actually closed the deal for the photo-sharing network.
Justin Timberlake and Specific Media acquired MySpace for $35 million in June 2011 and are trying to revamp the social media site. That’s a much cheaper than the $580 million price tag NewsCorp paid when it bought the site in 2005, according to the AP.
Twitter acquired Tweetdeck, a popular third-party Twitter application, in May 2011 for $40 million. Twitter has a history of acquiring third-party applications -- they did the same thing with iPhone app Tweetie in 2011, according to CNN.
AOL purchased news site The Huffington Post in February 2011 for $315 million.
Amazon bought Zappos, a site that sells shoes and clothing, for $89 million in July 2009.
Google acquired YouTube in 2006 for a $1.65 billion stock-for-stock transaction. YouTube still operates independently, but you can get to the site from Google's homepage.
eBay acquired PayPal in 2002 for $1.5 billion. Which makes sense, since according to TechCrunch, 60 percent of PayPal's business originated from the auction site at that time.
The water release for downstream users from Cachuma Lake to the lower Santa Ynez River is ending early. Water officials say the annual pre set allocation was released quicker than past years and the allotment is moving all the way to Lompoc as scheduled.
A Santa Barbara Coffee Shop on a busy corner for more than 20 years is no longer going to be the daily perk for many customers. The Coffee Cat on Anacapa and Anapamu Streets is going to close at the end of this month.