US tech giant Yahoo has snapped up Tumblr in a major US deal that will reportedly net the blogging site’s 26-year-old founder a $250m (€194m) fortune six years after he started it.
The $1.1bn deal makes New Yorker David Karp – who attended high school for only a year – the latest internet whizkid to scoop an astronomical windfall from a web start-up.
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