Watch: Tumblr was once worth $1.1 billion. Verizon is selling it for less than 1% of that. It’s the latest sign that the telecom giant should ditch its internet media aspirations, explain rob_cyran and jennifersaba.
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Tumblr, Which Once Fetched $1.1B, Sold For Far Less By Verizon To Auttomatic Inc.Tumblr, once a major force in social media, founded by a 19-year-old and bought by Yahoo for $1.1 billion, has been unloaded by Verizon Media for far less than that to Auttomatic, the parent compan…
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Verizon sells Tumblr to Wordpress owner six years after Yahoo bought it for $1.1 billionVerizon is selling Tumblr to Automattic, the company that owns WordPress.
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Verizon Sells Tumblr to Company That Owns WordPressVerizon announced a deal to sell Tumblr — the blogging site Yahoo acquired for $1.1 billion six years ago — to Automattic, the company that owns and operates online-publishing site Word…
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Verizon To Sell Tumblr To Wordpress OwnerThe once-prominent online blogging network was sold for an undisclosed amount.
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Tumblr is about to get its third owner in six yearsVerizon says it has agreed to sell off Tumblr to Wordpress' parent company, Automattic. This will mark the third company to own the popular blogging site in six years.
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