Verizon To Sell Tumblr To WordPress Owner

According to The Wall Street Journal, Verizon has agreed to sell its blogging website Tumblr to the owner of popular online-publishing tool WordPress. Tumblr was acquired by Yahoo for $1.1 billion in 2013, and was later included in Verizon’s $4.5 billion purchase of Yahoo’s web assets in 2017. Bloomberg reports: Automattic Inc. will buy Tumblr for an undisclosed sum and take…