Yahoo!'s (YHOO) Mayer: We Won't Screw Up Tumblr!
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May 20, 2013 9:18 AM EDT
This morning Yahoo! Inc. (NASDAQ: YHOO) said it would buy Tumblr for $1.1 billion. Wall Street greeted the news with lukewarm enthusiasm. As an example, Bernstein analyst Carlos Kirjner said in an email the deal might be "premature." He isn't alone. Well Fargo analyst Peter Stabler described... More
May 20, 2013 8:01 AM EDT
Yahoo! Inc. (NASDAQ: YHOO) and Tumblr announced today that they have reached a definitive agreement for Yahoo! to acquire Tumblr.
Per the agreement and our promise not to screw it up, Tumblr will be independently operated as a separate business. David Karp will remain CEO. The product, service and brand will continue to be defined and developed separately with the same Tumblr... More
May 20, 2013 6:21 AM EDT
(Updated - May 20, 2013 6:21 AM EDT)
The Yahoo! (Nasdaq: YHOO) board of directors is said to have approved the proposed acquisition of Tumblr.
The WSJ reported that Yahoo!'s board met Sunday on the matter, unanimously voting in favor of the $1.1 billion... More
May 17, 2013 7:32 AM EDT
Shareholders of Yahoo, Inc. (NASDAQ: YHOO) are taking in stride reports the company is in talks to acquire Tumblr for $1 billion.
The move by Yahoo is an apparent attempt to get "cool again," AllThingD reported, especially with the all-important 18-to-24 demographic.... More
