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I read Tumblr was a few weeks away from running out of cash at the time Yahoo bought them. While I agree the jury is still out on the Tumblr/Yahoo acquisition,
by jgalt212 12y ago
I read Tumblr was a few weeks away from running out of cash at the time Yahoo bought them. While I agree the jury is still out on the Tumblr/Yahoo acquisition, I do think they could have bought a nearly insolvent company a bit cheaper than they did.
That being said, maybe they did get it on the cheap if WhatsApp went for $19B.
- argonaut 12y agoExactly. How do you know the price they acquired Tumblr for wasn't its "insolvent" price? There was probably competition for the deal - passing in the hope of getting a lower price is dangerous if you know other players might snap up Tumblr.