“There were no other competing bids, despite reports, to snap up the New York-based hipster blogging service.”

Kara Swisher needs to stop calling Tumblr a hipster blogging service. (Oh, and she says the deal was unanimously approved. On a side note, TechCrunch suggests that the reason why Tumblr accepted the lower deal is because many of their executives have departed in recent months.)

Our favorite little “hipster blogging service” is all growed up!

“Yahoo is in serious talks with Tumblr to acquire the social blogging site, according to multiple sources familiar with the talks. The deal is not done, but could reach as high as $1 billion, Adweek has learned. Allthingsd.com was first to report on the talks between the two companies.”

Stop Drawing Dead Fish (by Bret Victor)]

Make art on computers.