Tumblr Talks to VCs for Round with Possible Valuation of $1 Billion–UPDATED

Tumblr, the New York-based platform for bloggers, is eyeing a new round of funding from top-tier venture capital firms, sources confirmed to peHUB. 

The company has been speaking with VCs for a round that may close before the end of the year, one source said. Another source tells peHUB Tumblr’s next round could value it at up to $1 billion  

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