Yahoo 'to buy Tumblr for $1.1bn'(bbc.co.uk)
bbc.co.uk
Yahoo 'to buy Tumblr for $1.1bn'
http://bbc.co.uk/news/business-22591026
4 comments
Existing HN discussion thread: https://news.ycombinator.com/item?id=5733296
Well, there goes that service.
This just in: Internet giant purchases consumer web app with no revenue streams and no profits.
Swear I've read this story a hundred times in the last decade. Has there been a single acquisition of this nature which has resulted in a profitable outcome for anyone, except for the VCs?
Swear I've read this story a hundred times in the last decade. Has there been a single acquisition of this nature which has resulted in a profitable outcome for anyone, except for the VCs?
Yahoo could have spent that billion creating their own. Their comment boards are very popular. Great deal though. Hopefully it doesn't turn into a big flop with major purchases like many other companies have gone through.
And then another $billion on getting the traffic to it? Meanwhile coming across as the mean sons-of-guns who are killing Tumblr? Sometimes it can be "better" to acquire the competition than to kill them.