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Verizon to sell Tumblr to WordPress owner Automattic for undisclosed amount

Tumblr was acquired by Yahoo for more than $1 billion in 2013 and Verizon acquired it as part of its deal for Yahoo in 2015

Reuters 

Verizon
The Verizon logo is seen on one of their retail stores in San Diego, California.

Communications Inc said on Monday it would sell its blogging website Tumblr to Automattic Inc, the owner of popular online-publishing tool WordPress.com.

The company did not disclose the terms of the deal. 

Media Group, formerly called Oath, is the digital media umbrella that owns more than 50 brands, including HuffPost, TechCrunch and Tumblr.

Tumblr was acquired by Yahoo for more than $1 billion in 2013 and acquired it as part of its deal for Yahoo in 2015. 

 

 

 

First Published: Tue, August 13 2019. 09:47 IST
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