May 03 - 08:05
Verizon eyeing Tumblr sale - report
Verizon is looking to offload its blogging site Tumblr, according to a report by the Wall Street Journal. It said that WSJ is attempting to "steady a media business that has struggled to meet revenue targets". Verizon inherited the platform when it acquired Yahoo in 2017, which had originally bought Tumblr for upwards of $1 billion in 2013. The report cited “people familiar with the matter".
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Wall Street Journal - Verizon Looks to Unload Tumblr Blogging Site
Source Captured: 03/05/2019 07:56:59, 0 Views

Tech Crunch - Verizon reportedly seeking to sell Tumblr
Source Captured: 03/05/2019 07:56:59, 0 Views

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