Report: Tumblr May Reject Yahoo’s $1.1B Acquisition Offer For Being “Too Low”
Tumblr feels that Yahoo’s $1.1 billion offer as “too low” and view it as “only a first offer”, according to sources close to to acquisition talks. Yahoo may have to significantly increase the offer to close the deal. An acquisition by some tech giant is likely in the cards for Tumblr, though, as sources say the company only has a few months of cash runway left.
… still hope yet, according to TechCrunch.