Slashdot Mirror
Yahoo Board Approves a $1.1B Pricetag For Tumblr
TechCrunch reports that Yahoo's string of acquisitions may soon include Tumblr: "The Wall Street Journal is now reporting via Twitter that the rumored $1.1 billion cash acquisition deal for social blogging site Tumblr has been approved by Yahoo’s board of directors. The Tumblr acquisition was rumored last week, with a price tag reportedly north of $1 billion, which appears to be accurate if the WSJ’s sources are correct." The article notes, too, that "Yahoo had only $1.2 billion cash on hand as of its most recent quarterly earnings, which makes an all-cash offer for Tumblr a lot more of a stretch than it would be for someone like Apple, or even Facebook, which acquired Instagram for $1 billion in a mix of both cash and stock."
They could've bought YouPorn for a lot less.
"The difference between genius and stupidity is that genius has it's limits" - Albert Einstein
With these numbers it's worth $10 billion
You have to value it in eye balls
As soon as I can buy my dinner with a sack of eyeballs that's just what I'll do.
Yes, but on the plus side, they now have a brand that people think of as still being in business...
Look, you guys don't get it, do you? You never get this sort of thing.
Of course Flikr and Tumblr will mix well. They both end in a contracted 'r'.
It's pretty clear why you all aren't in business.
Faster! Faster! Faster would be better!