Yahoo! Inc. (NASDAQ:YHOO) gives bonus to Tumblr founder David Karp


Dallas, Texas 08/14/2013 (Financialstrend) –  Yahoo! Inc. (NASDAQ:YHOO) gave a bonus of $81 million to Tumblr founder David Karp. Yahoo Inc had bought his Tumblr a famous micro blogging site that he founded for a whopping $1.1 billion. Yahoo when it acquired Tumblr assured that it would keep the business free from its own. This is an attempt to make certain that the Website’s base of faithful customers would be avoided from moving away. Nearly 130 million blogs that employ the portal would carry on growing for sure. Karp possess 20% to 25% of Tumblr, therefore he must have got $250 million from the trade according to reports.

Now Yahoo Inc is giving another attractive offer to the 27-year-old founder as the firm is offering Karp another $81 million on top of a bulky salary if he would accept to continue with Tumblr and Yahoo for the subsequent four years. This offer points out the real programme of Yahoo for following Tumblr, it is more after the talent than after the facility. That means Karp would be salaried to remain on performing what he has been doing while leading his company.

The stock of Yahoo Inc has reported decline of 0.04 percent and closed at $28.34 per share which had the opening price of $ 28.38 on Tuesday. The 52-week price range of the stock remained with the low of $14.59 and high of $29.83 while during last trade its intraday low price was $28.23 and it gained its intraday high price of $28.60 per share. The company’s average trading volume is 18.82 million, with the traded volume of 14.89 million shares on Tuesday. Yahoo Inc has a total market capitalization of $ 28.92 billion with institutional ownership of 81% and outstanding shares of 1.02 billion.

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