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Verizon is selling Tumblr to WordPress owner Automattic

Verizon Wireless bought Tumblr from Yahoo, it was originally sold for $1.1 billion and now Verizon are selling it for a lot less to WordPress owner Automattic. There are no details on how much Tumblr was sold for but it is said to be less than $20 million, Automatic will take over the company’s 200 […]

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