Verizon to sell Tumblr to WordPress owner

Verizon Communications Inc said on Monday it would sell its blogging website Tumblr to Automattic Inc, owner of the popular online-publishing tool 

The company did not disclose the terms of the deal. 

Verizon Media Group, formerly called Oath, is the digital media umbrella that owns more than 50 brands, including HuffPost, TechCrunch and Tumblr. 

Tumblr was acquired by Yahoo for more than one billion U.S. dollars in 2013 and Verizon acquired it as part of its deal for Yahoo in 2015.

Source(s): Reuters