Description: Yahoo! Inc. (YHOO)’s board has approved a $1.1 billion acquisition of Tumblr Inc., a service that hosts 108 million blogs, the Wall Street Journal reported, citing unidentified people familiar with the matter.
Date: May 19, 2013
Questions for Discussions:
- What is the logic behind this acquisition?
- How would you evaluate the acquisition cost?
- Do you think it was a fair price to pay?