Tumblr May Reject Yahoo’s $1.1B Acquisition Offer For Being “Too Low” | TechCrunch | Social Media, the 21st Century Digital Tool Kit | Scoop.it
Sources close to acquisition talks between Yahoo and Tumblr say the blogging platform feels that Yahoo's $1.1 billion offer is "too low" and views it as "only a first offer." Yahoo may have to significantly increase the offer to close the deal.