Exactly. 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 g

Exactly. 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.