“There were no other competing bids, despite reports, to snap up the New York-based hipster blogging service.”— Kara Swisher needs to stop calling Tumblr a hipster blogging service. (Oh, and she says the deal was unanimously approved. On a side note, TechCrunch suggests that the reason why Tumblr accepted the lower deal is because many of their executives have departed in recent months.)
The TechCrunch post had awkward grammar that made it unclear which company’s executives had departed, Yahoo!’s or Tumblr’s.