After much speculation, Yahoo has finally announced that it will acquire Tumblr, the blogging platform, for $1.1 Billion in an all cash deal. The transaction, which is subject to customary closing conditions, is expected to close in the second half of the year.
Note that Yahoo has been on acquisition spree since it hired Marissa Mayer to head the company. Typically all the companies hired under M
... Continue Reading
Yahoo Acquires Tumblr For $1.1B In All Cash Deal
After much speculation, Yahoo has finally announced that it will acquire Tumblr, the blogging platform, for $1.1 Billion in an all cash deal. The transaction, which is subject to customary closing conditions, is expected to close in the second half of the year.
Note that Yahoo has been on acquisition spree since it hired Marissa Mayer to head the company. Typically all the companies hired under M
... Continue Reading
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