Simpson Thacher & Bartlett and Gunderson Dettmer Stough Villeneuve Franklin & Hachigian have taken lead roles on the $1.1bn (£723m) acquisition of blogging website Tumblr by Yahoo!. Yahoo! confirmed the deal in a statement today (20 May), including a promise "not to screw it up". The largely cash-based deal will see Tumblr retain its independence as a separately operated business, with founder and current CEO David Karp remaining in his post.
May 20, 2013 at 12:23 PM
1 minute read
The original version of this story was published on Legalweek
Simpson Thacher & Bartlett and Gunderson Dettmer Stough Villeneuve Franklin & Hachigian have taken lead roles on the $1.1bn (£723m) acquisition of blogging website Tumblr by Yahoo!.
Yahoo! confirmed the deal in a statement today (20 May), including a promise “not to screw it up”. The largely cash-based deal will see Tumblr retain its independence as a separately operated business, with founder and current CEO David Karp remaining in his post.
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