Yahoo deal nets Tumblr head €194m

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.

Yahoo deal nets Tumblr head €194m
Tue, 21 May, 2013 - 08:08

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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CourtsBusinessHeathrowPlace: USPlace: UKPlace: LondonPlace: New YorkPerson: David KarpPerson: Marissa MayerPerson: BeyoncePerson: Rupert MurdochPerson: KarpPerson: MayerPerson: Nick D’AloisioPerson: Michael BloombergOrganisation: YahooOrganisation: TumblrOrganisation: GoogleOrganisation: FacebookOrganisation: Yahoo! MailOrganisation: FlickrOrganisation: New York Times
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