Legal News

Simpson Thacher & Bartlett to Advise Yahoo! on Tumblr Purchase
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Simpson Thacher & Bartlett will be advising Yahoo! in their recently announced purchase of social blogging platform Tumblr. The deal, which was announced yesterday, sees internet leader Yahoo! pay more than $1.1 billion cash for ownership of Tumblr, which, while extremely popular, has yet to generate significant revenue.

The deal is one of the most significant purchases Yahoo! has made since it was founded, and is comparable to the company’s $1.6 billion acquisition of Overture Services in 2003. Recently appointed Yahoo! CEO Marissa Mayer has, over the last twelve months maintained that the search engine giant would focus on smaller acquisitions and better developing existing products. Mayer told the Wall Street Journal that the purchase of Tumblr would is definitely an exception.

  
What
Where


Once the purchase is finalized by the end of the year, Tumblr will be operated independently of Yahoo!, and Tumblr founder David Karp will remain as CEO. Tumblr currently has more than 300 million unique visitors each month, and 120,000 new users create accounts with the service each day.

American Lawyer reports that Simpson is advising Yahoo! on the Tumblr deal, and that this effort is led by the firm’s New York M&A partner Gary Horowitz. Palo Alto M&A partner Kristen Jensen is also advising, along with tax partner Katharine Moir and compensation and benefits partner Tristan Brown. Associates working on the matter include Linda Barrett, Sean Crnkovich, Andrew Nightingale, and Cara Walsh.

Tumblr will be working with Gunderson Dettmer Stough Villeneuve Franklin & Hachigian’s New York Partners Ward Breeze, Steve Baglio, and Dan Goldberg.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!






 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Mid-level Litigation Attorney

USA-CA-San Francisco

San Francisco office is seeking a mid-level litigation attorney with experience taking/defending dep...

Apply Now

Trust and Estate Attorney

USA-NY-New York City

Boutique trust and estate firm is seeking an attorney with 7+ years of experience. Candidate should ...

Apply Now

Mid-level Litigation Attorney

USA-CA-San Francisco

San Francisco office is seeking a support attorney with some experience/familiarity with a litigatio...

Apply Now

In House Counsel with Transactional Energy Experience

USA-NY-New York City

New York City company is seeking an in house counsel with knowledge of the oil / energy industry. Ca...

Apply Now

RELEVANT JOBS

Litigation paralegal

USA-TX-Dallas

We are looking to immediately hire a responsible, highly organized, self-motivated litigation parale...

Apply now

Attorney

USA-TX-Dallas

Associate Attorney – 7 to 10 Years’ Experience - Dallas/Fort Worth   ...

Apply now

Associate Attorney

USA-TX-Dallas

Associate Attorney – 3 to 5 Years’ Experience - Dallas/Fort Worth   ...

Apply now

Litigation Attorney

USA-TX-Dallas

Litigation Attorney   Dallas, TX One of Texas\' largest Personal Injury Law Firms se...

Apply now

SEARCH IN ARCHIVE

To Top