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Tumblr, Once Yahoo’s $1.1 Billion Baby, to Sell for Under $20 Million to WordPress Owner Automattic, Reports Say

Verizon will sell the image-centric blogging website Tumblr to Automattic, owner of the blogging tools suite WordPress, according to the Wall Street Journal. The terms of the sale were not disclosed, but Axios reports the amount was "well below" $20 million...

Mentions: Management Amazon acquisition