Yahoo gets Tumblr making Chief Executive Officer David Karp a billionaire


TumblrYahoo’s board has actually authorized a deal to acquire the well-liked blogging system Tumblr for $US1.1 billion in money following the move made by brand-new primary executive Marissa Mayer to bring Yahoo back to younger internet individuals.
It’s excellent updates for Yahoo who lately fell short in a proposal to manage the online video website Dailymotion after the French government, which owns a stake, intervened.
Tumblr CEO David Karp will apparently help Yahoo for 4 years and help drive the brand name established in 2007 and headquartered in New York to new, energetic online audiences.
With more than 108 hundred blogs, 50 billion postings in 12 languages and 175 employees, the website ranking website Alexa lists Tumblr as number 32 in terms of global appeal.



Marketing Magazine

May 21, 2013