Verizon is selling Tumblr to WordPress parent, Automattic

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Six years after Yahoo purchased Tumblr for north of $ 1 billion, its parent corporation is selling the once dominant blogging platform. WordPress owner Automattic Inc. has agreed to take the service off of Verizon’s hands. Terms of the deal are undisclosed, but the number is “nominal,” compared to its original asking price, per an article in The Wall Street Journal.

Axios is reporting that the asking price for the platform is “well below $ 20 million,” a fraction of a fracti…
Read more here: Apps – TechCrunch

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