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Yahoo's board has agreed to pay $1.1 billion for Tumblr, according to reports.
It's not often the software world goes through a revolutionary change. But the advent of the cloud will force software developers to reevaluate – and discard – many of their most basic assumptions. Google and Microsoft slapfest continues; IBM pushes Watson for third-party apps; SAP bets big on HANA for ERP. We admire Google. We're impressed by Google's accomplishments. But we're wary of Google's relentless ambition and its at-times curious thoughts about our world. In case you missed the GigaOm weekly podcasts, here's a second chance. Two of our shows had special guests to explain new technologies and our wrap-up show is fully dedicated to understanding all of the news out of Google I/O. For a deeper dive into the topics and technologies covered on GigaOM, check out the latest in-depth analyses on GigaOM Pro, our subscription-based research service. The rise of cloud and big data is altering business models, and in the process shifting corporate hierarchies, too. Recent events, tragic and triumphant, emphasize the social web's role as a central source for disseminating breaking news. While OS X continues to be a starting point for my music, I find now when it comes to rehearsals, everything I need is on my iPad. Fans of the social-blogging network might not like the idea much, but a $1-billion acquisition of Tumblr would arguably solve a number of problems for Yahoo -- and do the same for Tumblr CEO David Karp.