Feeds

Tumblr! boss! bags! $81m! if! he! stomachs! FOUR! YEARS! at! Yahoo!

David Karp needs to stay at Purple Palace to cash in

Secure remote control for conventional and virtual desktops

Tumblr founder and chief exec David Karp made a whopping $81m in his deal to sell the blogging site to Yahoo! for $1.1bn.

According to a filing with the Securities and Exchange Commission, Karp will get $41m in Yahoo! stock and $40m in cash over the next four years - but only if he remains a Yahoo! employee during that time.

The huge payouts by the Purple Palace are all the more surprising since Tumblr had just $16.6m in the bank when it was bought out, meaning Yahoo! will definitely have to put some sizeable funds into the business before it can hope to make anything from it.

It's still unclear exactly how Tumblr is expected to make money for its new owner, although the firm said it expected the platform to "bring a significant community of users to the Yahoo! network".

The acquisition of Tumblr is just one in a string of purchases by Yahoo! chief Marissa Mayer, who is attempting to breathe life into the company by bringing in new firms. The billion-dollar buyout was the biggest she's made since she took the reins in July. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Yes, yes, Steve Jobs. Look what I'VE done for you lately – Tim Cook
New iPhone biz baron points to Apple's (his) greatest successes
Lords take revenge on REVENGE PORN publishers
Jilted Johns and Jennies with busy fingers face two years inside
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.