Also, the question isn't $1.1B or nothing, it's what amount would Tumblr say yes to? Would they really have turned down an offer of $700 million? $800 million

Also, the question isn't $1.1B or nothing, it's what amount would Tumblr say yes to? Would they really have turned down an offer of $700 million? $800 million? Was $1.1B really the least they'd accept? I bet they would have accepted significantly less, rumors to the contrary. But the billion dollar headline has its own value, I guess.