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Verizon to sell Tumblr to WordPress.com owner, 2 yrs after buying it
short by Kanishka Pandey / on 13 Aug 2019,Tuesday
American telecoms giant Verizon is selling microblogging and social networking platform Tumblr to WordPress.com owner Automattic for an undisclosed amount. Verizon had acquired Yahoo for $4.5 billion in 2017, which had itself bought Tumblr for over $1 billion in 2013. Notably, responding to reports of Tumblr being on sale, Pornhub had said that it was "extremely interested" in the acquisition.
short by Kanishka Pandey / 04:00 pm on 13 Aug
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