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This article was published on August 9, 2013

Project runway: Tumblr had $16.6 million in cash when Yahoo acquired it

Project runway: Tumblr had $16.6 million in cash when Yahoo acquired it
Josh Ong
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Josh Ong

Josh Ong is the US Editor at The Next Web. He previously worked as TNW's China Editor and LA Reporter. Follow him on Twitter or email him a Josh Ong is the US Editor at The Next Web. He previously worked as TNW's China Editor and LA Reporter. Follow him on Twitter or email him at [email protected].

After raising $125 million in funding, Tumblr had just $16.6 million left when Yahoo acquired the company for $1.1 billion in May, according to Yahoo’s 10-Q form filed with the SEC (via All Things D).

Considering the size of Tumblr, which had 175 employees in May, the company’s runway was quite short by the time it signed with Yahoo. Sources suggested prior to the deal that Tumblr’s cash reserves would only last for a few months of operations.

Also worth noting from the 10-Q, Yahoo spent $54 million in other acquisitions during the first half of the year.

Featured image: joshwept

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