Wall Street Expresses Tepid Enthusiasm on Yahoo! (YHOO) / Tumblr Deal
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Yahoo!'s (YHOO) Mayer: We Won't Screw Up Tumblr!
May 20, 2013 8:23 AM EDTYahoo! (Nasdaq: YHOO) affirmed recent chatter that it would be acquiring Tumblr. The deal is valued at $1.1 billion and it will be the first big deal CEO Marissa Mayer has conducted under her watch.
Mayer also posted a message on her Tumblr account today following the news. The... More
Yahoo! (YHOO) to Acquire Tumblr in $1.1B Deal
May 20, 2013 8:01 AM EDTYahoo! 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
Yahoo! (YHOO) Board Said to Approve $1.1B Tumblr Deal
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
