Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Verizon Communications
13-08-2019, 05:58 PM.
Post: #1
Verizon Communications
Verizon to sell Tumblr to WordPress owner

Reporting by Sayanti Chakraborty in Bengaluru;Editing by Arun Koyyur
AUGUST 13, 2019 / 3:27 AM

(Reuters) - Verizon Communications Inc (VZ.N) 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.

Source : https://www.reuters.com/article/us-veriz...SKCN1V21W8
=========== Signature ===========
Specuvestor: Asset - Business - Structure.

Find Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)
Valuebuddies.com | Return to Top | Lite (Archive) Mode | RSS Syndication | CONTACT US: nas......@valuebuddies.com | | Share Buy-Back | Disclosure of Interest