Tumblr had $16.6 million in cash when Yahoo acquired it

Economic TimesTumblr had $16.6 million in cash when Yahoo acquired itEconomic TimesThe deal for Tumblr was the largest since Yahoo Chief Executive Marissa Mayer took the role in July with a focus on reversing a long decline in Yahoo's business and web traffic. The deal also made Tumblr founder and CEO David Karp, 27, a multimillionaire.