New Stories Every Second!

Welcome Guest!

Browse new Stories, Videos, Audios & such alike content from all over the world, every second.

Login to rapida to Save your Content Preference, to follow others or comment on Posts & To create Posts.

Verizon sells Tumblr to WordPress owner six years $1.1 billion deal

David Karp, founding father of the micro-blogging web site Tumblr, opens the NASCAQ Change in New York Metropolis.

Getty Photos

Verizon is promoting Tumblr, the running a blog social community that Yahoo bought for $1.1 billion, to the maker of WordPress for a small sum.

WordPress guardian Automattic will purchase Tumblr together with its employees of about 200, based on the Wall Avenue Journal, which first reported the deal on Monday and mentioned the worth “isn’t material to Verizon.” Representatives from Tumblr and Automattic confirmed the acquisition to CNBC.

Automattic CEO Matt Mullenweg — in a Tumblr submit — mentioned his firm will attempt to “preserve the passion and sense of community that so many people around the world — and all over the web — have come to associate with Tumblr.”

The Tumblr deal is Automattic’s largest acquisition so far, a spokesman for the corporate instructed CNBC. 

“When the possibility to join forces became concrete, it felt like a once-in-a-generation opportunity to have two beloved platforms work alongside each other to build a better, more open, more inclusive — and, frankly, more fun web,” Mullenweg wrote. “I knew we had to do it.”

Tumblr, based in 2007 by David Karp, is a web site that gained recognition by permitting individuals to publish blogs at no cost. Verizon inherited Tumblr as a part of its 2017 acquisition of Yahoo, which purchased Tumblr in 2013.

The market has changing into more and more crowded in recent times, with opponents like Squarespace, Wix and Weeby (now owned by Sq.) offering web site templates for small companies and freelancers, and as Medium grew to become a well-liked web site for bloggers.

Learn the complete report on the Wall Avenue Journal.

WATCH: Here is the right way to see which apps have entry to your Fb knowledge — and minimize them off


Share on facebook
Share on twitter
Share on whatsapp
Share on reddit
Share on vk
Share on odnoklassniki


Didn’t find any awesome content on HomePage!! Don’t work we have some more options for you. ;)


Share on facebook
Share on twitter
Share on whatsapp
Share on telegram
Share on email
Share on skype


See What's Today's News


See How's Business


See What's new in Movie


See What's for Music Lovers


See What's for Gamers


See What's for Techies


See What's hot gossip


See What's news in Sports


See What's trendy style


See What's for Foodies