Verizon to Sell Tumblr as Part of Scaling Back Media Ambitions
A Tumblr Inc. sign in page is displayed for a photograph in New York, U.S. (Photographer: Scott Eells/Bloomberg)

Verizon to Sell Tumblr as Part of Scaling Back Media Ambitions

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(Bloomberg) -- Verizon Communications Inc. agreed to sell the blogging platform Tumblr to Automattic Inc., the latest sign the wireless giant is dismantling its online empire.
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