WordPress' parent company Automattic will buy Tumblr from Verizon for an undisclosed amount


Back in May, news broke that Verizon was looking to sell
unprofitable web property Tumblr, after making an unpopular
business call that caused 100 million users to leave the platform
in the span of a single month. The carrier had acquired it from
Yahoo in 2017 for $350 million, and…


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Source: FS – All Tech News
WordPress' parent company Automattic will buy Tumblr from Verizon for an undisclosed amount