Yahoo Board Approves a $1.1B Pricetag For Tumblr

Posted by timothy on Sunday May 19, 2013 @05:29AM from the bedrock-or-pet-rock? dept.

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."

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Strange by XPeter · 2013-05-19 05:31 · Score: 5, Funny

They could've bought YouPorn for a lot less.

--
"The difference between genius and stupidity is that genius has it's limits" - Albert Einstein
Re: Let's see by alen · 2013-05-19 05:52 · Score: 5, Funny

With these numbers it's worth $10 billion
You have to value it in eye balls
Re: Let's see by Intrepid+imaginaut · 2013-05-19 05:54 · Score: 5, Funny

As soon as I can buy my dinner with a sack of eyeballs that's just what I'll do.
Ya-who? by tutufan · 2013-05-19 06:18 · Score: 5, Funny

Yes, but on the plus side, they now have a brand that people think of as still being in business...