Yahoo's board agrees to $1.1 billion acquisition of Tumblr
posted by Alan F. / May 19, 2013, 12:00 PM
Yahoo has scheduled a press event for Monday at which time it is expected to announce the deal as well as an update to social picture sharing site Flickr. We will be updating this story throughout the day as new information comes in.
Posts: 23; Member since: May 07, 2010
Hope this isnt Yahoo CEO Marissa first big mistake. From what I know Yahoo has 3 billion in cash. This is a large gamble for the company to get the youth.
posted on May 19, 2013, 12:24 PM 7
Posts: 2458; Member since: Nov 28, 2009
Well, Tumblr was fun while it lasted...
posted on May 19, 2013, 12:55 PM 8
what is tumblr? what is flickr? i know twitter and facebook and google+ but all these other social things have me confused.
posted on May 19, 2013, 2:27 PM 4
Yahoo goes bankrupt as the board gets bonuses & everyone loose their job
posted on May 19, 2013, 2:10 PM 3
Posts: 2383; Member since: Jul 18, 2010
I hope Marissa has more up her sleeve than just purchasing Tumblr. I think it's going to take a lot more than pictures of what some acquaintances ate for breakfast, softcore/some-hardcore porn gifs, and daily affirmation comics (oh and the cats, must never forget all the cats) if she wants to make Yahoo hip & relevant again. Was it ever really hip? Maybe back in the days when MapQuest meant something and they had Yahoo Chat, but that one devolved rather quickly into adolescent boys and middle aged men from whichever-country-you-are-in-they're-not-from-it asking a perpetual barrage of "a/s/l" & "cam?" (oh, and the bots, must never forget all the bots).
posted on May 19, 2013, 2:29 PM 2
$1.1 billion is too much. Yahoo should buy it at $100 million
posted on May 19, 2013, 9:37 PM 0
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