Verizon Solds Tumblr To WordPress Owner Automattic For Less Than $10 Million

Verizon has agreed to sell micro-blogging website Tumblr to WordPress owner Automattic Inc, Wall Street Journal reports.

The price amount for the deal is yet to be known by according to Axios it’s well under $10 million. This is not even one-third of the price Yahoo paid when it acquired Tumble 6 years ago.

Read More : https://fossbytes.com/wordpress-owner-automattic-inc-buys-tumblr-from-verizon/

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