Yahoo to acquire Tumblr in $1.1 billion cash deal

Stefan Mileschin · 20th May 2013, 08:39

That cat's out of the bag a day early, it seems. Yahoo's board has approved a $1.1 billion cash deal to purchase the blogging site Tumblr, according to The Wall Street Journal. We were expecting Yahoo to announce the acquisition during tomorrow's NYC media event -- CEO Marissa Mayer may instead use the last-minute gathering to detail the company's plans for integrating the popular platform. It's unclear how Yahoo intends to utilize its latest procurement, but with a 10-figure price tag now public, we can only imagine that Tumblr will be put to good use. We'll be covering tomorrow afternoon's event live, so stay tuned for more details from New York City.

http://www.engadget.com/2013/05/19/y... ign=Engadget

20th May 2013, 08:39	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,462	Yahoo to acquire Tumblr in $1.1 billion cash deal That cat's out of the bag a day early, it seems. Yahoo's board has approved a $1.1 billion cash deal to purchase the blogging site Tumblr, according to The Wall Street Journal. We were expecting Yahoo to announce the acquisition during tomorrow's NYC media event -- CEO Marissa Mayer may instead use the last-minute gathering to detail the company's plans for integrating the popular platform. It's unclear how Yahoo intends to utilize its latest procurement, but with a 10-figure price tag now public, we can only imagine that Tumblr will be put to good use. We'll be covering tomorrow afternoon's event live, so stay tuned for more details from New York City. http://www.engadget.com/2013/05/19/y... ign=Engadget

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Yahoo, Microsoft search deal is not working	Stefan Mileschin	WebNews	0	13th February 2013 13:23
Japan's Softbank in 'advanced talks' to acquire Sprint for more than $12 billion	Stefan Mileschin	WebNews	0	12th October 2012 07:27
Microsoft to Acquire Yammer for $1.2 billion in Cash	Stefan Mileschin	WebNews	0	26th June 2012 06:56
DTS to Acquire SRS Labs in Cash-and-Stock Transaction	Stefan Mileschin	WebNews	0	23rd April 2012 06:39
Yahoo Alibaba deal collapses over Taobao	Stefan Mileschin	WebNews	0	17th February 2012 07:14
Yahoo and Alibaba deal about to collapse	Stefan Mileschin	WebNews	0	16th February 2012 06:27
HP to Acquire 3Com for $2.7 Billion	jmke	WebNews	0	12th November 2009 16:47
Google Condemns Microsoft Proposal to Acquire Yahoo!	jmke	WebNews	0	5th February 2008 10:36
Google To Acquire YouTube for $1.65 Billion in Stock	jmke	WebNews	1	10th October 2006 07:19
AMD Set to Acquire ATI for $5.5 – $5.6 Billion	jmke	WebNews	4	24th July 2006 13:09