Yahoo has set a Monday news conference in NY to announce “something special”, and CBNC says that CEO Marissa Mayer will be there. Could the news be that it is acquiring the social network Tumblr? 
Reports surfaced last night that Yahoo is mulling a deal to buy or invest in the youth-skewing blogging site, and AllThingsD, which broke the news, says Yahoo’s board is meeting tomorrow to consider an all-cash buy for $1.1B. If the deal makes it would be the biggest yet for Mayer as she looks to boost the fortunes of the company, which is still in transformation mode. Yahoo has acquired mostly small startups since she took over last July, and a potential big deal to buy a controlling stake in French video site Dailymotion was scotched by the French government earlier this month. Last month, Yahoo reported declining ad sales for the second fiscal quarter in a row, with revenue from display ads falling 11% year over year, and it reduced its revenue guidance for the current second quarter.
No comments:
Post a Comment