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>Yahoo, which bought Tumblr in 2013, said it had reduced its valuation of the blogging service by $230 million, or about 23%. The move was basically an acknowle
by ikeboy 11y ago
>Yahoo, which bought Tumblr in 2013, said it had reduced its valuation of the blogging service by $230 million, or about 23%. The move was basically an acknowledgment that Yahoo overpaid in the $1.1 billion deal.
Either it lost value, or Yahoo overpaid. Both can't be true at the same time. Make up your mind, buzzfeed. Was Tumblr worth $1.1 billion and has now declined, or did Yahoo overpay?
- elthran 11y agoIf the "correct" valuation was halfway between the 2 valuations, then they could have overpaid at valuation, and still have declined in value. Of course, value is relative and only based on what anyone will pay for it.
- ikeboy 11y agoThe title implies the entire decrease was after the purchase. That's inconsistent with the actual article.