The Yahoo board has approved a deal to pay $1.1 billion in cash for Tumblr

#1

Post by gbuckingham89 » Sun, May 19, 2013, 4:18 PM UTC

The Yahoo board has approved a deal to pay $1.1 billion in cash for Tumblr
twitter.com

Re: The Yahoo board has approved a deal to pay $1.1 billion in cash for Tumblr

#2

Post by carbocation » Sun, May 19, 2013, 4:29 PM UTC

Assuming this is true, does the 1.1 billion in cash tell us that this is purely about the property and not in any way about the team, or is that over-reading / misreading the tea leaves?

Re: The Yahoo board has approved a deal to pay $1.1 billion in cash for Tumblr

#3

Post by sudonim » Sun, May 19, 2013, 4:29 PM UTC

How is this becoming public information so quickly? Is this being leaked? It seems like it's not beneficial for this to become public knowledge for anyone except Tumblr if they are trying to start a bidding war.

Re: The Yahoo board has approved a deal to pay $1.1 billion in cash for Tumblr

#4

Post by minimaxir » Sun, May 19, 2013, 4:30 PM UTC

I'd recommend watching the #yahoo! feed on Tumblr in order to watch the Tumblr community's reaction, and see the inevitable hilarity.

(Not providing a link due to high probability of NSFW content. Search for #yahoo! on Tumblr.)

Re: The Yahoo board has approved a deal to pay $1.1 billion in cash for Tumblr

#5

Post by itsprofitbaron » Sun, May 19, 2013, 4:34 PM UTC

sudonim wrote: post #3

How is this becoming public information so quickly? Is this being leaked? It seems like it's not beneficial for this to become public knowledge for anyone except Tumblr if they are trying to start a bidding war.

Yahoo employees can't keep secrets and are always leaking things to AllThingsD (a sister company to WSJ).

Re: The Yahoo board has approved a deal to pay $1.1 billion in cash for Tumblr

#6

Post by lucisferre » Sun, May 19, 2013, 4:36 PM UTC

minimaxir wrote: post #4

I'd recommend watching the #yahoo! feed on Tumblr in order to watch the Tumblr community's reaction, and see the inevitable hilarity. (Not providing a link due to high probability of NSFW content. Search for #yahoo! on Tumblr.)

They've started a petition... http://www.ipetitions.com/petition/stop-yahoo-from-buying-tu...

Re: The Yahoo board has approved a deal to pay $1.1 billion in cash for Tumblr

#7

Post by jcdavis » Sun, May 19, 2013, 4:37 PM UTC

sudonim wrote: post #3

How is this becoming public information so quickly? Is this being leaked? It seems like it's not beneficial for this to become public knowledge for anyone except Tumblr if they are trying to start a bidding war.

Yahoo is leakier than most - Kara Fisher seems to know anything that happens there

Re: The Yahoo board has approved a deal to pay $1.1 billion in cash for Tumblr

#8

Post by randall » Sun, May 19, 2013, 4:39 PM UTC

jcdavis wrote: post #7

sudonim wrote: post #3

How is this becoming public information so quickly? Is this being leaked? It seems like it's not beneficial for this to become public knowledge for anyone except Tumblr if they are trying to start a bidding war.

Yahoo is leakier than most - Kara Fisher seems to know anything that happens there

*swisher

Re: The Yahoo board has approved a deal to pay $1.1 billion in cash for Tumblr

#9

Post by kawsper » Sun, May 19, 2013, 4:40 PM UTC

minimaxir wrote: post #4

I'd recommend watching the #yahoo! feed on Tumblr in order to watch the Tumblr community's reaction, and see the inevitable hilarity. (Not providing a link due to high probability of NSFW content. Search for #yahoo! on Tumblr.)

Link to copy (HN doesn't like ! in links): http://www.tumblr.com/tagged/yahoo!

Re: The Yahoo board has approved a deal to pay $1.1 billion in cash for Tumblr

#10

Post by inmygarage » Sun, May 19, 2013, 4:40 PM UTC

Thoughts on why this was an all-cash deal as opposed to similar comps (Instagram, YouTube) which were cash/stock mix?