Yahoo Board Approves a $1.1B Pricetag For Tumblr 142
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."
Strange (Score:5, Funny)
They could've bought YouPorn for a lot less.
Re: Let's see (Score:5, Funny)
With these numbers it's worth $10 billion
You have to value it in eye balls
Re: Let's see (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? (Score:5, Funny)
Yes, but on the plus side, they now have a brand that people think of as still being in business...
Re:Strange (Score:4, Funny)
I am fascinated by your ideas, and would like to subscribe to your newsletter.
Re:This seems like complete insanity... (Score:5, Funny)
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.
Re:Strange (Score:5, Funny)
"We've received your test reports. Your drug intake is well below industry standards. Here's some techno CDs, remedy this immediately."