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Karp reportedly owned about 20% of Tumblr stock, valuing his stake at $220m after Monday's deal.
Under the terms of the transaction, the Bulgari family will swap each of its shares for LVMH stock, valuing its holdings at 12.25 euros each, a 61 percent premium to Friday's closing price.
Cima said the offer would be worth about $30 a share in cash and stock, valuing the company at $435 million, compared with the AaiPharma bid of about $340 million.
Each of Circle's common shares will be converted into one share of EGL common stock, valuing San Francisco-based Circle at $543 million, based on EGL's closing share price on Friday.
Under the terms of the proposal, Air France-KLM, the French-Dutch carrier, said it would exchange one of its shares for every 160 of Alitalia stock, valuing the Italian airline at 139 million euros, or about 0.10 euro a share.
Internet services company Web.com has acquired domain registrar and hosting provider Network Solutions for $405 million in cash plus 18 million shares of Web.com stock, valuing the transaction as $560.8 million.
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All received stock valued at $9 million.
He now owns stock valued at about $2.3 billion.
Broadcom bought the three companies in 2000 for stock valued at a total of $2.56 billion.
Inktomi, based in Foster City, Calif., will pay $3.5 million in cash, and stock valued at $341.2 million.
Last week, it agreed to buy E-Tek DynamicSan Jose Jose, Calif.-based rival, for stock valued at $15 billion.
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