updated 07:52 pm EDT, Fri May 17, 2013
Suspected topics Tumblr acquisition, Flickr update
Yahoo is holding a "product-related" event on May 20. The New York City event will see CEO Marissa Mayer speaking on an undisclosed topic for about an hour at 5PM EST, which the company calls in an mass email "something special."
Reports of Yahoo spending up to $1 billion for Tumblr are circulating, adding to the high profile portfolio of acquisitions since the new CEO took office. Bloomberg reports that the announcement is an update to the photo repository Flickr's acquisition at the event, but is not ruling out more news reveals at the event.