Former Yahoo CEO Marissa Mayer has expressed regret over buying Tumblr for $1.1 billion in 2013 instead of purchasing Netflix or Hulu, which she feels would have been a better acquisition. Mayer stated in an interview with Tech Brew that either of those options would have been better. Yahoo wrote down Tumblr’s value by $230 million in 2016, and after Verizon acquired Yahoo, the company sold Tumblr for far less than it had paid for it.
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Marissa Mayer Regrets Yahoo's Tumblr Purchase Over Netflix or Hulu
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Former Yahoo CEO Marissa Mayer has expressed regret over buying Tumblr for $1.1 billion in 2013 instead of purchasing Netflix or Hulu, which she feels would have been a better acquisition.
Author
Susan Jane
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Deadline
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