Published on May 20th, 2013 | by Muhd Erfan
New Acquisition by Yahoo! Worth US$1.1Billion Cash
Since Marissa Mayer took over as the new CEO of Yahoo!, we thought most of the acquisitions made will be below US$100 Million as what agreed. We were wrong.
Tumblr, the lucky, in demand and of course worldwide famous agreed on Yahoo’s stunning offer. It left no choice for huge companies like Google, Facebook and Microsoft to buy it over. A new billionaire was born, CEO of Tumblr (David Karp), will be working with Yahoo for a minimum 4 years as the “operation leader”. However, we are still not sure on Yahoo’s business plan/strategy on the new acquisition.
One thing for sure, it will definitely be a hot topic when the news is out there.