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How much did Verizon pay for Tumblr?

Last Updated: 26th May, 2020

Verizon sells Tumblr to Wordpress ownersix years after Yahoo bought it for $1.1 billion. Verizon isselling Tumblr to Automattic, the company that ownsWordPress. Verizon inherited Tumblr as part of its2017 acquisition of Yahoo, which had purchased Tumblr for$1.1 billion in 2013.

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Thereof, how much did Verizon buy Tumblr for?

Verizon, which first acquired Tumblr in2017 after it purchased Yahoo, started to explore a saleearlier this year. Automattic reportedly bought Tumblr forless than $3 million, according to Axios, a stunning drop in valuefrom the $1.1 billion Yahoo paid for it in 2013.

Beside above, how much did Verizon pay for Yahoo? In July 2016, Verizon agreed to pay $4.8billion for Yahoo's Internet business, which includesYahoo Mail, Flickr, Tumblr and Web properties such asYahoo Finance and Yahoo Sports.

Correspondingly, how much money did Verizon lose on Tumblr?

Just a few years ago, the site was worth $1.1billion. That means under the stewardship of Yahoo andVerizon, Tumblr has lost a whopping 99.8 percent ofits value.

How much did Tumblr sell for?

Tumblr once sold for $1.1 billion. Theowner of WordPress just bought the site for a fraction of that.Tumblr, the onetime darling of social media, sold fora whopping $1.1 billion in 2013. On Monday, in perhaps the latestmark of its decline, the site was reportedly bought for just $3million.

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