Tumblr sold for Peanuts to WordPress owned Company, Automattic

Automatic, the company that owns WordPress has acquired Tumblr, announced Verizon. According to WSJ, the deal was done at much less amount than expected. Though once it was acquired by Yahoo for $1.1 billion and now sources say it was sold for less than $3 million. Verizon had meetings with...

[ This is a content summary only. Visit our website https://ift.tt/1b4YgHQ for full links, other content, and more! ]

by Aqsa Rasool via Digital Information World