Skip to main content

Yahoo Tumblr acquisition reportedly approved in cash-only deal


This morning a deal between Yahoo and Tumblr has been approved according to sources familiar with the matter. This deal is said by people familiar with those speaking with the Wall Street Journal to have been approved by Yahoo’s board only at this time, and that Tumblr’s board is not yet at a final decision point. This deal has been reported after several days of rumors surrounding purchases by not just Yahoo, but other large-name web-based businesses as well.


This deal has been tipped at $1.1 billion in cash only, this marking a rather high point for a
company acquisition – especially in an all-cash deal. Sources speaking on the subject have suggested that the deal was finalized by phone this Friday while the first announcement of said deal could be announced as early as Monday.
In acquiring Tumblr, it’s said that Yahoo will keep the social networking site largely the same as it is today as far as how independently it operates. It’s suggested, on the other hand, that advertisements may be incorporated on a much larger level than they are today, generating revenue for Tumblr and Yahoo at once.
Tumblr has been growing by leaps and bounds over the past few years, coming up especially in the smartphone and tablet world due to its scalability. Tumblr announced this past week during Google I/O 2013, the company’s yearly developer conference, that they’d be delivering an official app for the wearable device platform Google Glass.
When asked about the Yahoo deal, Tumblr representatives on-site at the Moscone Center this week during Google I/O 2013 made it clear that they were unable to comment on any rumors or possibilities. That said, Tumblr’s representation at the event was limited to developer relations, so it isn’t as if they’d have had any knowledge on the matter in the first place. We’ll likely hear more on the situation early this week!

Comments

Popular posts from this blog

LG’s first flexible OLED phone due before the year is out

LG plans to launch a flexible OLED smartphone before the end of the year, the company’s VP of mobile has confirmed, though it’s unclear to what extent the work-in-progress handset will actually flex. The OLED panel in question is the handiwork of LG Display according to VP of LG mobile Yoon Bu-hyun, the WSJ  reports, with the proposed device set to launch sometime in Q4. LG Display’s work on flexible OLEDs has been underway for some time, though the company’s efforts have perhaps been overshadowed somewhat by rival Samsung’s YOUM development. Last year, according to a Korea Times report, LG Display was preparing for

Syrian Electronic Army claims credit for CBS Twitter accounts hack

Yesterday, several of CBS ’s Twitter accounts were hacked, including its main account, and its accounts for 60 Minutes, 48 Hours, and CBS Denver. The hackers got into the account and tweeted a series of things relating to President Obama and the United States being in cahoots with Al-Qaeda . The tweets also had links that led users to malware-infested sites. While CBS was able to regain access to its accounts, it was unable to figure out who was behind the attacks, until now. The Syrian Electronic Army , the same group that hacked 3 of the BBC’s Twitter accounts, claimed

Can Technology Do a Better Job of Finding Bombs?

 With the horrifying images of the Boston Marathon bombing still much too fresh in our minds, and with citywide marathons coming up this weekend in London, Hamburg, and Salt Lake City , law enforcement officers and citizens everywhere are asking how to prevent the tragedy from being repeated. As Columbia University School of International and Public Affairs adjunct professor Abraham Wagner observed last year, on the 11th anniversary of 9/11, there’s “no magic bullet o