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Yahoo may write down Tumblr value

Tuesday 1 March 2016 | 10:45 CET | News
Yahoo may have to write down the goodwill value of microblogging website Tumblr, over 2 years after the company bought it for USD 1.1 billion, Reuters reports, citing a Yahoo regulatory filing on 29 February. In its filing Yahoo wrote, "It is reasonably possible that changes in judgments ... could cause the company to consider some portion or all of the remaining goodwill of the Tumblr reporting unit to become impaired."

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Categories: Internet
Companies: Yahoo
Countries: United States
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