WordPress owner Automattic to acquire Tumblr for ‘nominal amount’<div class="feat-image">
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<p><strong>Update</strong>: Deal valued at less
than $3 million.</p>
<p>Verizon announced today that it has sold blogging platform Tumblr to Automattic, the company behind WordPress.
The Wall Street Journal says the transaction is valued at a “nominal amount,” despite Tumblr having once been acquired by Yahoo for $1.1 billion.</p>
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WordPress owner Automattic to acquire Tumblr for ‘nominal amount’
