Social Media

Verizon to sell Tumblr to WordPress owner

Reuters Reuters Aug 12 | Updated on August 13, 2019 Published on August 13, 2019

The Tumblr application is seen on a mobile phone in this illustration photo.   -  REUTERS

Verizon Communications Inc said on Monday it would sell its blogging website Tumblr to Automattic Inc, the owner of popular online-publishing tool WordPress.com.

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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Published on August 13, 2019
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