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
 "Verizon")
The Verizon logo is seen on one of their retail stores in San Diego, California.
Verizon Communications Inc
The company did not disclose the terms of the deal.
Verizon 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 Verizon acquired it as part of its deal for Yahoo in 2015.
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First Published: Aug 13 2019 | 9:47 AM IST