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Notable online startup sales

POSTED: 12:17 PM PDT May 20, 2013    UPDATED: 12:23 PM PDT May 20, 2013 

Yahoo is acquiring popular social media blogging site Tumblr for $1.1 billion, the company announced Monday. Take a look at other notable online startup acquisitions.

Timberlake Myspace
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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.

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