Peter Kafka and Kara Swisher, at All Things D:

But it’s not the first time Yahoo CEO Marissa Mayer has been interested in the New York-based hipster blogging service. As an executive at Google, she had closely watched its fast growth, along with that of Foursquare. Since she took over at Yahoo, several sources said that she has met with its top execs, including founder and CEO David Karp.

What I find surprising about this is that Tumblr would seriously consider a sell out. And I guess that’s only because I assumed Karp wanted the same thing Twitter wants: to build a billion dollar media company.

If it’s true and if the deal happens, I hope Mayer fires the Tumblr management and hands the whole thing over to the Flickr folks. Flickr at least knows how to a) foster a community and b) charge for a product.