Verizon sells Tumblr just two years after acquiring social network
by Alex Hern from Technology | The Guardian on (#4N5JF)
- Web services company Automattic, best known for running Wordpress.com, acquired Tumblr
- Sale price was not disclosed, but reports have put it at under $3m
Verizon is selling Tumblr, just two years after buying the social network as part of its tumultuous $4.48bn Yahoo acquisition.
Founded in 2007 as one of the first "microblogging" services, Tumblr has been acquired by Automattic, the web services company best known for running blogging platform Wordpress.com, for an undisclosed price tag.
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