Yahoo! (YHOO) To Acquire Tumblr

Yahoo!(YHOO) closed last week on 02013.05.17 at $26.52. Over the weekend Yahoo! acquired Tumblr for $1.1 billion in cash. Opinions of the acquisition are running from extreme bearish to extreme bullish. I don't know if it's a good deal or bad deal--only time will tell (duh!). Note: I don't use Tumblr, but I use Yahoo! everyday.

YHOO closed at $26.52 on 02013.05.17. 52-week range: $14.59 - $27.68. YHOO is down ~1% in pre-market trading on 02013.05.20.