Instagram Deal Opened Door to Tumblr Valuation

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June 11 (Bloomberg) -- Mark Seneca, corporate partner at Orrick, Herrington & Sutcliffe LLP, talks with Bloomberg Law's Spencer Mazyck about his representation of Instagram Inc. in its $1 billion acquisition by Facebook Inc. last year. Seneca, in this "Rainmakers" episode, also compares the 2012 blockbuster tech deal to Yahoo! Inc.'s recent acquisition of Tumblr Inc.

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