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 tech giant is likely in the cards for Tumblr, though, as sources say the company only has a couple of months of cash runway left.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/pEP2DvjAtKw/

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