Yahoo Buying Tumblr For $1 Billion

Mani

Published onMay 17, 2013

Updated on May 13, 2021

Yahoo! Inc. (NASDAQ:YHOO) CEO Marissa Mayer is reported to be making a game-changing acquisition of the social networking site Tumblr Inc for a possible $1 billion.

Earlier today, All Things D reported that the two companies were in serious discussion for a deal. Adweek has now reported that Yahoo! Inc. (NASDAQ:YHOO) is looking for a possible straight-up acquisition.

It is estimated that the deal could be for as high as $1 billion and this might bring the deal under the same league as Facebook Inc (NASDAQ:FB)’s acquisition of Instagram...

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

Yahoo Buying Tumblr For $1 Billion

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