The founder of Tumblr received $ 110 million after a deal with Yahoo
According to news agency Associated Press, the company recently completed the acquisition of Yahoo blogging service Tumblr, paying him $ 1.1 billion, and the amount paid includes $ 110 million paid to the founder of the service personally to David Kapu, which in exchange for payment shall remain behind the wheel Tumblr for another four years. 27 years of service Tumblr Cap opened in 2007, shortly after graduating from college in New York City.
Strictly speaking, the cap does not finish my studies in college, dropped it and started programming. At Yahoo say they will not in the near future to carry out any changes to Tumblr and will not touch user base service. Previously, Yahoo CEO Marissa Mayer said that cap, as well as before the transaction, will manage Tumlbr independently, and integration into Yahoo will run very smoothly and accurately.
Prior to the deal with Yahoo service Tumblr was a private company, but analysts believe that the share of David Capa the company is about 20-25%. AP also with reference to its sources reported that the CAP has received about 70 million shares of Yahoo, and another 40 million in cash.
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