It appears you have not yet registered with our community. To register please click here...

 
Go Back [M] > Madshrimps > WebNews
Yahoo board signs off on Tumblr deal Yahoo board signs off on Tumblr deal
FAQ Members List Calendar Search Today's Posts Mark Forums Read


Yahoo board signs off on Tumblr deal
Reply
 
Thread Tools
Old 21st May 2013, 07:06   #1
[M] Reviewer
 
Stefan Mileschin's Avatar
 
Join Date: May 2010
Location: Romania
Posts: 111,834
Stefan Mileschin Freshly Registered
Default Yahoo board signs off on Tumblr deal

Yahoo's beleaguered board has written a rumoured $1.1 billion cheque to buy the social blogging site Tumblr.

The Tumblr deal was rumoured last week and it looks like it is accurate if the Wall Street Journal's secret special sauces are correct.

The deal could be announced today. Yahoo already has an event scheduled for today in New York on the basis that if you make an announcement there you can make it anywhere.

Yahoo CEO Marissa Mayer become interested in the site only a couple of months ago, but sees the Tumblr purchase as a way to big inroads into social media and boosting revenue growth.

The news is supposed to be an antidote to other rumours that there are dark things going on at the top of Yahoo's executive ladder. Key people have been departing from Yahoo's mobile team and there are other portents of doom.

Tumblr, too, is seen as being in trouble. Yahoo's $1.1 billion offer would normally have been sniffed at as being far too low. But other rumours suggest that Tumblr may be looking at a fast-depleting cash pile, which again gives it good reason to sell.

Of course there are some users who are threatening to depart from Tumblr if the Yahoo deal goes through and visitor growth to the site appears to be flat or declining slightly in 2013, so the deal might not be great for Yahoo.

There are always those who threaten to leave a site if its ownership changes hands. Instagram also had shedloads of users claiming they were going to shut down their accounts and depart for good when Facebook took it.

What is a little strange is how Yahoo is affording the buy. It only had $1.2 billion cash on hand as of its most recent quarterly earnings so this could be the last of its big spends.

http://news.techeye.net/business/yah...on-tumblr-deal
Stefan Mileschin is offline   Reply With Quote
Reply


Similar Threads
Thread Thread Starter Forum Replies Last Post
Yahoo to acquire Tumblr in $1.1 billion cash deal Stefan Mileschin WebNews 0 20th May 2013 09:39
Yahoo, Microsoft search deal is not working Stefan Mileschin WebNews 0 13th February 2013 14:23
Belkin signs licensing deal with Lego, encourages you to brick your phone Stefan Mileschin WebNews 0 12th February 2013 08:56
LoveFilm signs multi-year digital deal with NBCUniversal, looks Kick *** Stefan Mileschin WebNews 0 31st May 2012 08:46
Ballmer signs noise reduction deal Stefan Mileschin WebNews 0 7th May 2012 07:21
ZOTAC Signs Distribution Deal with Entatech UK Stefan Mileschin WebNews 0 27th April 2012 09:35
Yahoo and Alibaba deal about to collapse Stefan Mileschin WebNews 0 16th February 2012 07:27
Mozilla Officially Releases Firefox 9.0, Signs New Search Deal with Google Stefan Mileschin WebNews 0 21st December 2011 08:39
Apple Signs Exclusive Deal for Liquidmetal Alloy jmke WebNews 0 10th August 2010 14:21
AMD signs deal with number two Chinese PC builder jmke WebNews 0 29th September 2006 21:19

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


All times are GMT +1. The time now is 16:24.


Powered by vBulletin® - Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO