Despite Outside Interest, Tumblr and Yahoo! (YHOO) Are in Lockup (MSFT) (FB)
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Yahoo! (Nasdaq: YHOO) moved into negative territory today after getting an early boost on reports it might be in discussions to acquire social media sharing site Tumblr.
But, Yahoo! might not be the only one with its eyes on the prize. Forbes noted this afternoon that Microsoft (Nasdaq: MSFT) and Facebook (Nasdaq: FB) might also be looking to acquire the company.
Will it affect Yahoo!'s plans? Evidently not, because Tumblr and Yahoo! are in negotiations under a lockup agreement. Even if Microsoft or Facebook came in over the top, it wouldn't matter.
Yahoo! CEO Marissa Mayer is planning to rush this thing through and might make a bid upon board approval. Given investor sentiment and recent results behind the (relatively) new CEO, this shouldn't be a problem. Forbes noted that she's also in favor of an outright purchase over partnership or large investment.
Asking price on Tumblr is said to be about $1 billion.
Yahoo! is down about 0.1 percent.
But, Yahoo! might not be the only one with its eyes on the prize. Forbes noted this afternoon that Microsoft (Nasdaq: MSFT) and Facebook (Nasdaq: FB) might also be looking to acquire the company.
Will it affect Yahoo!'s plans? Evidently not, because Tumblr and Yahoo! are in negotiations under a lockup agreement. Even if Microsoft or Facebook came in over the top, it wouldn't matter.
Yahoo! CEO Marissa Mayer is planning to rush this thing through and might make a bid upon board approval. Given investor sentiment and recent results behind the (relatively) new CEO, this shouldn't be a problem. Forbes noted that she's also in favor of an outright purchase over partnership or large investment.
Asking price on Tumblr is said to be about $1 billion.
Yahoo! is down about 0.1 percent.
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