YHOO: Yahoo (YHOO) +1.4% premarket following its...

7:57 AM Yahoo (YHOO) +1.4% premarket following its reported deal to buy Tumblr for $1.1B in cash. It's hard to justify at the current price, opinies Jefferies, noting Tumblr barely generates any revenue. Meanwhile, WordPress CEO Matt Mullenweg says defections from Tumblr to his site have soared, maybe thanks to Yahoo's history of shutting down past acquisitions like Geocities, Broadcast.com, and Del.icio.us. Read comments

YHOO price at time of publication: $26.52. Check YHOO price now »

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Focus Articles on YHOO

• Yahoo: Why Tumblr's Acquisition Is Not A Good Deal by Investometrica
• Buy Yahoo: The Party Has Not Yet Started by David Alton Clark
• How Should Yahoo Spend The Alibaba Money? by Jacob Steinberg

Press Releases on YHOO

• Yahoo! Granted Favorable Ruling in Mexico City Superior Court of Justice (Business Wire)
• Yahoo! to Participate at the J.P. Morgan Global Technology, Media and Telecom Conference (Business Wire)
• Innovation Takes Center Stage at Yahoo!'s 2013 NewFront (Business Wire)

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StockTalk on YHOO: YHOO StockTalk | Twitter YHOO | Twitter $YHOO | YHOO Instablogs

Recent Market Alerts on YHOO: All currents | Earnings | Dividends | M&A | On the move

Transcripts on YHOO

• Yahoo!'s CEO Discusses Q1 2013 Results - Earnings Call Transcript
• Yahoo! Management Discusses Q4 2012 Results - Earnings Call Transcript
• Yahoo! Management Discusses Q3 2012 Results - Earnings Call Transcript

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