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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."

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  1. Re:Man, Marissa loves spending money by Anonymous Coward · · Score: 0, Troll

    Why are you so sexist towards women in the workplace? Please discuss.

    I'll bite:
    - Victoria's Secret vs. Ferrari/Lamborghini/BMW/Mercedes/Gulfstream/ ...
    - Healthy living vs. face paint (cosmetics).
    - Scotch vs. "Do I look fat in this?"
    - MLB/NFL/Nascar/ ... vs. Pilates.
    - Any "Chick Flic" vs. any Jason Bourne.

    I could go on like this for months. On the other hand, my female friends hate cosmetics, have never asked me whether they looked fat (they're not), love baseball, can code rings around me in many fields, and introduce me to neat things like Ian M. Banks.