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Tumblr is to be sold to the makers of WordPress

Yahoo will reportedly sell Tumblr to Automattic Inc. (Source: Tumblr)
Yahoo will reportedly sell Tumblr to Automattic Inc. (Source: Tumblr)
Tumblr is a blogging platform that has been part of Yahoo (or Oath, as it is now) since 2013. However, the parent company in this case - Verizon - has reportedly been trying to palm it off for some time. It has now successfully found a buyer: Automattic Inc, the same company behind WordPress.
Deirdre O Donnell,
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Verizon has apparently finally found a buyer for Tumblr. This company, Automattic Inc., also owns WordPress, a second major name in the same social-media vein. This may explain its interest in the now ex-Oath partner, which sustains approximately 450 million individual blogs. It was bought in its turn by Yahoo approximately 6 years ago.

The former search giant reportedly paid a total of US$1.1 billion to bring Tumblr under its umbrella in 2013. However, some correspondents put the price Automattic will have to pay for the same at $20 million, whereas others go so far as to halve that number. Moreoever, other reports assert that this figure is in fact a paltry $3 million.

By all accounts, Verizon has been trying to unload Tumblr for some time now, which may give weight to such reports. It has attracted little enough interest - without counting that of PornHub; however, as the public values of Oath and this company could be best described as incompatible, it seems Automattic is Tumblr's best remaining option as a new parent entity.

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Deirdre O'Donnell
Deirdre O'Donnell - Senor Staff Writer - 3661 articles published on Notebookcheck since 2018
I became a professional writer and editor shortly after graduation. My degrees are in biomedical sciences; however, they led to some experience in the biotech area, which convinced me of its potential to revolutionize our health, environment and lives in general. This developed into an all-consuming interest in more aspects of tech over time: I can never write enough on the latest electronics, gadgets and innovations. My other interests include imaging, astronomy, and streaming all the things. Oh, and coffee.
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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2019 08 > Tumblr is to be sold to the makers of WordPress
Deirdre O Donnell, 2019-08-14 (Update: 2019-08-14)