Deals Rumor Mill: Yahoo, Advent, Blackstone

Law360, New York (May 17, 2013, 3:07 PM EDT) -- Yahoo Inc. is in talks with blogging site Tumblr over a buyout that could clock in at $1 billion, Adweek and All Things D reported late on Thursday. The negotiations are the latest in a string of rumored deal plays for the erstwhile Web giant, which has struggled to stoke momentum under the leadership of its relatively new CEO, Marissa Mayer, who has been prodded by investors and industry insiders to reshape the company. If it swallows up New York-based Tumblr, Yahoo would snag a new...
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