Yahoo, Tumblr Are In Serious Talks Over Tumblr Acquisition For Deal Worth $1 Billion

Posted on May 17 2013 - 11:54am by Editorial Staff

Yahoo

If Dailymotion stake acquisition was a failure that does not mean that the whole world stop Yahoo on acquiring something big, ac according to AllThingsD and AdWeek, that Yahoo and Tumblr were in “serious talks” over some kind of deal in which the digital media giant planning to acquire Tumblr for a billion dollars.

AllThingsD notes that the discussions between the duos have been “serious” but at initial stage as of now, while Adweek notes that the deal could also be just what the company is looking for, as investors’ aims to have a bigger cashout. Even more, if acquisition really comes into picture, it gives Yahoo a clear chance to grow and engage more people over the service.

Well, more to come, stay tuned with us and will bring add more updates to the story.

About the Author
Editorial Staff

Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.