Former Yahoo CEO Marissa Mayer has acknowledged that the business should have acquired Netflix or Hulu during her tenure rather than Tumblr.
Mayer indicated that Yahoo was evaluating the acquisition of Tumblr as well as the ...
...prospect of acquiring Hulu or Netflix in a recent interview with Tech Brew.
Mayer claims that at the time, Netflix was valued at $4 billion and Hulu at $1.3 billion. In retrospect,
Mayer thinks that either of these acquisitions would have been more successful than Yahoo's 2013 $1.1 billion purchase of Tumblr.
"We considered buying Tumblr as a revolutionary acquisition. We were also wondering if we could acquire Hulu or, oddly,
Netflix at the same time. Additionally, I believe Hulu was at $1.3 billion at the time and Netflix was around $4 billion.
And given that hindsight is 20/20, either of those would have been a superior purchase," Mayer noted in a conversation with Tech Brew.