BREAKING: Verizon to Sell Popular Blogging Site Tumblr

Verizon is reportedly selling the popular blogging site Tumblr to WordPress owner Automattic.

According to a report from The Wall Street Journal, Tumblr will reportedly be sold for a “nominal” amount, compared to the site’s sale to Yahoo!, which amounted to around $1 billion. Automattic will take on 200 Tumblr employees as part of its deal with Verizon.

The exact price of the sale is unknown at this time.

Source: Report: Verizon selling blogging site Tumblr to WordPress owner – Business Insider

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