Conor Brophy: After a round of disastrous acquisitions, dotcom veteran Yahoo is on the rocks
If a rescue is coming, it might look more like a salvage operation
Yahoo’s 2013 acquisition of Tumblr has been an unfortunate example of nominative determinism. Tumblr’s value has indeed tumbled.
Yahoo paid $1.1 billion for the blogging platform in 2013. In February, it wrote off $230 million of that, and last week announced a further $482 million charge. Net result: Yahoo overpaid for Tumblr by a factor of five.
And it could be worse. Filings Yahoo made to the stock market earlier this year raise the prospect that...
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EY reports €393m revenues in Republic of Ireland for 2021 financial year
Revenues in the Republic increased 9.5 per cent for the year up to June 2021 to €393 million, up from €359 million in the previous year