Yahoo rumored to be buying Tumblr for $1 billion
posted by Alan F. / May 17, 2013, 12:39 AM
Tumblr has raised $125 million at a valuation of $800 million, so a $1 billion price tag would certainly be in the ballpark, especially since the microblogging site starting adding mobile ads to its mobile app in March. Over the past 6 months, the number of those using Tumblr's mobile app has quadrupled. Tumblr's growth is right now off the charts. The company had $13 million in revenue last year and is expecting as much as $100 million this year.
Yahoo has been shutting down many of its mobile apps and one estimate is that 80% of the company's apps could be gone by the end of the year. But a purchase of Tumblr would add a mobile app that could revitalize Yahoo in the mobile space, where it has yet to make a name for itself.
Posts: 902; Member since: Sep 29, 2011
Wow I must say that i am surprised as I did not know that Yahoo was still in the acquiring business. There were rumors of Microsoft buying them not too long ago now they are in the market of buying one of the most popular newer web companies out there. Very interesting.
posted on May 17, 2013, 1:25 AM 0
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