Verizon has agreed to sell its blogging website Tumblr to the owner of popular online-publishing tool WordPress, unloading for a nominal amount a site that once fetched a purchase price of more than $1 billion, The Wall Street Journal reports. Verizon, which first acquired Tumblr in 2017 after it purchased Yahoo, started to explore a […]
Tag: Tumblr
Verizon is looking to sell Tumblr after squandering its potential
Verizon is seeking a buyer for Tumblr, the blogging platform it acquired along with other Yahoo assets in 2017. The Wall Street Journal reports that Verizon has approached other companies in recent weeks that could be potential new homes for Tumblr. Last year’s decision to ban porn from its platform has had a massive averse […]