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WordPress owner Automattic to acquire Tumblr for ‘nominal amount’

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<p><strong>Update</strong>: Deal valued at less than $3 million (https://twitter.com/danprimack/status/1161038705295089664).</p>
<p>Verizon announced today that it has sold blogging platform Tumblr to Automattic, the company behind WordPress. The Wall Street Journal (https://www.wsj.com/articles/verizon-to-sell-tumblr-to-wordpress-owner-11565640000) 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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