Yahoo Inc will buy blogging service Tumblr for $1.1 billion cash, giving the Internet pioneer a much-needed social media platform to reach a younger generation of users and breathe new life into its ailing brand. Full Article
LG Display says to invest $655 mln to make OLED panels
SEOUL (Reuters) - South Korean flat-screen maker LG Display (034220.KS) said on Monday it would invest 706 billion won to manufacture next-generation displays used in televisions.
LG Display, currently the sole manufacturer of organic light emitting diode (OLED) panels used in TVs, said mass production from its new production line will begin in the first half of next year. (Reporting by Miyoung Kim)
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