I wonder what Yahoo would look like now if Jerry had accepted the Microsoft acquisition. Yahoo was already in troubled waters at the time, in hindsight it looks like a missed opportunity.

Probably completely non-existent and shut down. Both Ballmer and Gates have commented that it would’ve been a monumental mistake

But that's part of doing business. The shareholders and employees (many of whom are also shareholders) might be in a lot better shape had the deal gone through. I'm skeptical that those people are better off with the Verizon deal.

Microsoft got some search tech out of them later.... that's all that would be left I imagine.

>Tumblr wasn't a bad acquisition.

I would like to see your justification for this. Because Yahoo paid 1.1 billion dollars for it and they wrote down pretty much all of the value within a few years. It looks especially bad when compared with Facebook buying Instagram around the same time for about the same price.

You seem like you're more aware of the outcomes of the purchase so I will acquiesce to you, but $1 billion for Tumblr doesn't strike me as particularly egregious. Maybe that's because culturally Tumblr punches above its weight? I don't know.