(NEW YORK) -- Following the announcement of its purchase of Tumblr for $1.1 billion, the Web company Yahoo said that it was going to move its New York headquarters into the old New York Times building, according to The New York Times.
Currently, Yahoo, which is based in Silicon Valley, has close to 500 employees spread around three buildings in New York. The new space, on the 9th through 12th floors of the building on 43rd Street and Eighth Avenue, will be updated to include popular tech company amenities like outdoor terraces and fancy cafeterias.
“For a while now, Yahoo has been looking for a home here in New York,” said Yahoo’s chief executive Marissa Mayer. “We have several hundred employees spread across several offices. And I’m proud to say that we’ve found it.”
The recently purchased Tumblr will not move to the new headquarters, instead staying in their current offices at 35 East 21st Street. Yahoo has stated that Tumblr will remain largely self-sufficient following the purchase.
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