Social networking site Tumblr has announced plans to ban all pornographic content, effective from 17 December.

Verizon announced Monday that it will acquire Yahoo's core business for $4.8 billion. WIBBITZ

Verizon announced on Monday morning it will buy Yahoo for $4.83 billion in cash. It is the end of a closely-scrutinized, six-month sale process.

YAHOO’S latest earnings report leaves no doubt the internet company is stuck in a downward spiral.