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Following the news about the Flickr redesign and 1TB of free storage, I tried logging in into my…
Yahoo Tumblrs for Cool: Board Approves $1.1 Billion Deal as Expected -
The Yahoo board has approved a massive $1.1 billion all-cash deal to buy Tumblr.
It’s not clear when the official vote was taken, but sources close to the board said the acquisition was a foregone conclusion and was unanimously approved by the directors of Silicon Valley Internet giant.
I don’t know what to say. For sure, no drastic moves until we see the changes around here on Tumblr.
Namit batchoy! (at Ted’s Old Timer Lapaz Batchoy)
The Day Zuckerberg Turned Down Yahoo's $1 Billion -
Allison Fass reporting on Peter Thiel’s talk at SXSW this year where he recounted the time in 2006 that Mark Zuckerberg turned down Yahoo’s $1 billion offer to buy Facebook:
His only partial rationalization at the time was that in the history of Yahoo, it had made two $1 billion offers that were also turned down. And those were to eBay and Google. “At least I could actually make a pseudo-scientific argument that in every case Yahoo offered $1 billion and it was rejected, it was the correct thing to do,” said Thiel.
I should say that I know absolutely nothing about any sort of talks/deals between Tumblr and Yahoo. And I’m not sharing this to suggest that Tumblr should turn down such a supposed offer (my initial gut feeling is actually that such a partnership would make a lot of sense). I just found it fascinating given how closely the reported number is to the key number repeated in Thiel’s story.
Again, no to Yahoo! acquiring Tumblr!
On Yahoo! Acquiring Tumblr
AllThingsD reports: Yahoo! Board to Meet Sunday to Consider $1.1 Billion, All-Cash Deal to Acquire…
Yahoo wants to buy Tumblr: Yumblr.