Yahoo To Host ‘Product-Related’ Event in NYC Next Monday [REPORT]By: Josh Wolford - May 17, 2013
According to CNBC, Yahoo is set to host an event in New York City on Monday, and it’s important enough that CEO Marissa Mayer will be speaking at it.
According to the report, the event will be “product-related.” Of course, that’s a rather unspecific description, and could mean a variety of things.
Yahoo to hold a product-related news event in New York City on Monday; CEO Marissa Mayer to speak at event. $YHOO
— CNBC (@CNBC) May 17, 2013
This announcement does come on the heels of reports that Yahoo was in “serious” talks to buy or invest in Tumblr. That report indicated that Marissa Mayer has been in close talks with Tumblr CEO David Karp, but that Facebook may also be poised to throw their hat in the ring. any acquisition of Tumblr would be an expensive one – valuations put the company at upwards of $1 billion.
It may seem unlikely that Yahoo would announce an acquisition at an event like this, but it’s not completely out of the question. It seems a bit early for a Yahoo-Tumblr product, but who knows. It’s been a while since Yahoo scheduled anything like this, so we’ll be very interested to hear what they announce next week.[CNBC via The Next Web]