Verizon sells Tumblr just two years after acquiring social network
The Guardian -

Web services company Automattic, best known for running Wordpress.com, acquired TumblrSale price was not disclosed, but reports have put it at under $3mVerizon 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. Continue...

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