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Sunday, 07 April 2013 13:17

Tumblr attracts investors

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According to unnamed sources whose statements were transmitted by the Business Insider, Tumblr is negotiating with investors about the new round of investment in the company. Tumblr last collected investments back in 2011, when with the estimated value of the company was $800 million they managed to collect a total of $125 million.

Tumblr main income comes from ads, and last year the team rose over $13 million, while total corporate costs were $25 million. These figures come from Forbes that for this year announces estimated company’s costs of about $40 million, but profitable business.

They also pointed out that one of the sources said that Tumblr does not need additional funding, but the interest to invest in the company is so huge that they decided to allow interested investors to purchase shares in the company. As one of the reasons for accepting additional investments the possibility of raising funds to take over the other companies in order to strengthen and expand the current business was mentioned.

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Read 2406 times Last modified on Tuesday, 16 April 2013 23:34

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