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. ®

5 things you didn’t know about cloud backup

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

Gartner critical capabilities for enterprise endpoint backup
Learn why inSync received the highest overall rating from Druva and is the top choice for the mobile workforce.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.