Daily Crunch: Verizon is selling Tumblr [telecom]

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By Anthony Ha

Verizon is selling Tumblr to WordPress.com parent, Automattic

It's been six years since Yahoo acquired the popular blogging platform for more than $1 billion. Since then, Yahoo was acquired in turn by Verizon, and now Verizon is selling Tumblr for what's been variously reported as a "nominal" price and "well below $20 million."