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Tumblr May Reject Yahoo's $1.1B Acquisition Offer For Being "Too Low"

Sources close to to acquisition talks between Yahoo and Tumblr say the blogging platform feels that Yahoo's $1.1 billion offer as "too low" and view it as "only a first offer". Yahoo may have to significantly increase the offer to close the deal. An acquisition by some tec..

http://techcrunch.com/2013/05/17/tumblr-is-not-impressed/?utm_source=feedly