Verizon wants to sell Tumblr two years after acquiring it
It looks like Verizon is feeling some buyer's remorse with Tumblr.
The Wall Street Journal reported on Thursday that the telecom giant is looking to offload the social blogging site a little less than two years after acquiring it. It doesn't sound like there's a buyer yet and Verizon may not find one, according to the Journal, but the company is at least looking.
Tumblr was founded in 2007 and purchased by Yahoo for a whopping $1.1 billion in 2013. It was a landmark acquisition during former Yahoo CEO Marissa Mayer's tenure, but it didn't really work out the way Yahoo planned. Read more...
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Verizon wants to sell Tumblr two years after acquiring it
Reviewed by mimisabreena
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Friday, May 03, 2019
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Reviewed by mimisabreena
on
Friday, May 03, 2019
Rating:
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