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Yahoo! in Talks to Acquire Tumblr: Deal Could Reach As High As $1 Billion (Adweek)
Is Marissa Mayer about to make a game-changing acquisition? It appears so. Yahoo! is in serious talks with Tumblr to acquire the social blogging site, according to multiple sources familiar with the talks. While its revenue is modest, Tumblr has positioned itself as one of the few players in the digital ad world that is well-suited for brand advertising. And Tumblr is also the domain of the young, cool and creative crowd — not currently a Yahoo! sweet spot. AllThingsD Earlier this week, Yahoo! CFO Ken Goldman spoke at JPMorgan’s Global Technology conference and underscored the need for the aging Silicon Valley Internet giant to attract more users from the coveted 18-to-24-years-old age bracket. Along with more marketing, he explicitly said Yahoo! needed to be “cool again.” The Verge Since taking control of Yahoo!, Mayer has pursued a string of acquisitions, including Summly, Astrid, Jybe and others. In addition to the failed Dailymotion acquisition, the company has also been rumored to be looking at Hulu, although Mayer has previously said that the company is shopping for smaller targets valued in the $100 million range. Read more

The hurdles women face in the tech business have been widely discussed since Facebook’s Sheryl Sandberg‘s new book launched a movement for more companies, especially those in Silicon Alley and Valley, to “lean in.”

And as a new Tumblr that began posting six days ago seems to show, there are many Tech Companies That Only Hire Men.

• Apple is seeking a Commissions and Subsidy Analyst, and he will work with …
• Microsoft is seeking an engineer, and he needs to be familiar with the latest algorithms …

Even Yahoo, captained by the ever-intriguing Marissa Mayer, seems to have a male-bias.

• “The candidate will build quality into the solution by writing the appropriate unit tests for his code and work with qa counter…”

For more, click over to the Tumblr. Do you think New York’s tech companies should be working harder to attract women? Tell us below in the comments.

h/t [Buzzfeed's Anna North]

Image: [Launchdfw.com]

Time readers/4Chan voted rocket-blastin’ Kim Jong-Un as 2012′s Person of The Year, but we still await the official Time Person of The Year announcement, which will come tomorrow morning.

In the meantime — in our continued effort to get you all ramped up about something that doesn’t really matter at all — below are the finalists for the award:

• Marissa Mayer
• Tim Cook
• Malala Yousafzai
• Bill and Hillary Clinton
• Undocumented Americans
• President Barack Obama
• Mohammed Morsi
• Fabiola Giannati

TVNewser: Triumph the Insult Comic Dog is called that for a reason.

AppNewser: Yahoo has made its first acquisition under Marissa Mayer. Unfortunately, it was not a giant pile of money.

UnBeige: Ai Weiwei is at it again and this time, he’s dancing.

Fortune has published a list of the 5o most powerful women in business, featuring Marissa Mayer, Yahoo!’s CEO, on the cover. Mayer has the coveted front of the magazine, but on the list she came in at 14th. The most powerful woman in business (at least according to Fortune) is Ginni Rometty, the president and CEO of IBM. Mayer is the youngest on the list though, so that’s… Something.

One thing that stuck out about Fortune’s list? Oprah grabbed the 11th spot last year, but plummeted all the way down to 50th this year. Yikes. Maybe OWN should broadcast Keeping Up With The Kardashians to gain some viewers.

Here’s a quick look at some of the other women in media that made Fortune’s list:

Yahoo!’s Marissa Mayer is about to get a nice chunk of cash to work with. According to All Things D, China’s Alibaba Group is going to pay Yahoo! $7.6 billion to buy back 20 percent of Alibaba that Yahoo! owns. Yahoo! still owns another 20 percent.

If the deal goes through, that means Yahoo! would get about $7.1 billion for the deal, along with another $550 million for annual licensing fees that Alibaba has paid Yahoo!. In the end, Mayer would have about $4.5 billion.

That’s quite a lot of money to throw around. Yahoo! initially said it would give it to investors, but later relented on that position, saying that Mayer might keep it to acquire properties and make other moves. We can’t imagine that Yahoo!’s shareholders will be excited about that, no matter what she ends up buying.

Jacqueline Reses is joining Yahoo! as its executive vice president of people and development. Reses was formerly a partner, head of  media at Apax Partners, where she worked for 10 years. She has also served on several boards, including Cengage Learning and Nelson Education.

“We are very excited to have Jackie join the Yahoo! team, leading our efforts around finding and retaining the best talent,” said Marissa Mayer, CEO of Yahoo!, in a statement. “Jackie brings two decades of uniquely applicable operational experience around structuring organizations, programs, and strategies to build world-class teams in media and technology. Her tremendous energy will serve our employees well, and we’re looking forward to her fresh perspectives.”

Rese joins Yahoo! on September 7.

Kathy Savitt, the founder and CEO of the photo sharing site Lockerz, is joining Yahoo! as chief marketing officer. Savitt started Lockerz in 2009. Prior to that she was executive vice president and chief marketing officer of American Eagle Outfitters for three years.

“We are very excited to welcome Kathy to Yahoo!,” said Marissa Mayer, Yahoo!’s fifth CEO in just three years, in a statement. “Her extensive experience in building and refining well-loved consumer brands like Amazon, American Eagle Outfitters and Lockerz will be incredibly valuable as we define Yahoo!’s future.

Savitt will begin at Yahoo! on September 14.

Jemal Countess/Getty Images.

Last night was Fortune magazine’s dinner for its “Most Powerful Women,” and it was a gathering of some of the most accomplished women in their fields. Among the leaders were Xerox CEO Ursula Burns, Wal-Mart Chief People Officer Susan Chambers, and Google VP Marissa Mayer. Also in attendance at the star-studded affair were Fortune‘s managing editor Andy Serwer, Chelsea Clinton, pictured right, Barbara Bush, Barbara Walters, and Meredith Whitney.

The key purpose of the event was not just to honor these female leaders in the field, but to introduce 26 younger women, all of whom are rising stars in developing nations, and who are currently being mentored in a global program that Fortune runs in partnership with the U.S. State Department.

The headline interview was between Patricia Sellers and Ursula Burns about Burns’ amazing journey from being an intern at Xerox to ultimately its CEO, making her the first black female CEO of a Fortune 500 company. Her advice to the mentees? “Do what you love.”

Read more

Last night, Time magazine presented a panel discussion on the candidates for its upcoming Person of the Year issue, due on newsstands December 15th. This year’s panel, moderated by the magazine’s managing editor, Richard Stengel [pictured above, far left], included Daisy Khan, the executive director of the American Society for Muslim Advancement and wife of Person of the Year candidate Imam Feisal Abdul Rauf; Democratic campaign worker and political consultant Joe Trippi; Marissa Mayer, Google’s vice president of geographic and local services; musician, producer and one-time hopeful for Haiti’s presidency Wyclef Jean (Jean said he was “bamboozled” out of running); and blogger and author Meghan McCain.

Among the topics discussed by the panelists were their top picks for the annual honor. McCain selected members of the Tea Party and was interested in seeing how those running on an “anti-Washington platform” would eventually fare in Washington, as well as Glenn Beck. Jean picked the people of Haiti for their resilience in the face of recent earthquakes and an outbreak of cholera, as well as for their ability to show how technology can help bring different parts of the globe together for a common cause. Khan lamented that she couldn’t pick Time itself for its recent thought-provoking cover story on Islamophobia in the United States. Her picks, in order, were Mayor Michael Bloomberg, her husband, and Jon Stewart, who nominated as a candidate alongside Stephen Colbert. Trippi, in keeping with his background in politics, selected Nancy Pelosi as his number one pick, followed by the Tea Party members. Mayer, drawing on her own interest in tech, selected either Steve Jobs of the smartphone for their continued impact. She also recounted how Time‘s 1982 Person of the Year pick (then dubbed “Man of the Year”), the personal computer, marked her very first encounter with that type of technology.

The discussion took an interesting turn when candidates were asked to defend one another’s choices (most were not exactly game), and then asked to select their “Bad Guy of the Year.” Khan selected Beck for his stance on immigration and religion, opining that his views went against “the American ethos.” Trippi colorfully referred to the iPod and iPad as “slingshots for Goliath, and McCain felt that Australian Julian Assange‘s decision to reveal military information through his WikiLeaks site was “un-American” and likened him to a Bond villain.