Yahoo! is taking over New York, whether you like it or not. After the long-awaited announcement that the old school web giant had purchased Alley darling Tumblr for a cool $1.1 billion, the company held a press event in Times Square to make another big declaration: Yahoo! will be consolidating its local offices into a giant hub in the old New York Times building. It’s no Googleplex, but it’ll do.
This announcement, of course, wouldn’t be complete without a little cheerleading for the NYC tech scene:
Yahoo!’s growth in New York City is a reflection of how the city has become a global magnet for tech talent and entrepreneurism. We were so pleased to have Mayor Bloomberg join Marissa earlier today in our launch event in Times Square to help announce our new Yahoo! NYC offices. Since taking office, Mayor Bloomberg has worked to grow the local tech industry, positioning New York City as an ideal location for talented entrepreneurs to start and grow their companies.
Yahoo!’s post about the new office also mentioned that the company is looking to expand its NYC presence by as much as 60 percent, focusing especially on engineering. Be still, Mayor Bloomberg’s cold, cold heart.
For now, Ms. Mayer said Tumblr will stay put in its swanky Flatiron HQ; Earlier today, Tumblr CEO David Karp promised that at the very least the staff would stay in New York, not forced to contend with the blinding sunshine of the Valley.
At the press event in Times Square, Yahoo! also announced that Flickr is getting a redesign to present a more photo-heavy feed, much akin to Instagram’s profiles. (Marissa Mayer called it “heart-stoppingly beautiful.”) The photo sharing site now offers a terabyte of free storage, which is a shit-ton of photos.
Meanwhile, if any Yahooers ever want to grab lunch with Betabeat, we’re right around the corner, conveniently close to the Shake Shack.
Additional reporting by Kelly Faircloth