![Technology Top Stories from Associated Press (AP) show](/assets/missing_small.png)
Summary: Yahoo's board of directors approved an offer to buy the ailing Tumblr company for $1.1 billion in cash. Tumblr has yet to agree to the deal, various media reported. But the acquisition could be made official as early as Monday, the San Francisco Chronicle reported. Yahoo has scheduled a press conference in New York City, the location of Tumblr headquarters.