Verizon is selling Tumblr to WordPress parent, Automattic

Six years after Yahoo purchased Tumblr for north of $1 billion, its parent corporation is selling the once dominant blogging platform. WordPress owner Automattic Inc. has agreed to take the service off of Verizon’s hands. Terms of the deal are undisclosed, but the number is “nominal,” compared to its original asking price, per an article in The Wall Street Journal.
Axios is reporting that the asking price for the platform is “well below $20 million,” a fraction of a fraction of its 2013 price tag.
Once the hottest game in town, the intervening half-decade has been tough on Tumblr, as sites like Facebook, Instagram, Reddit and the like have since left the platform in the dust. More recently, a decision to barn porn from the platform has had a marked negative impact on the service’s traffic. According to Sensor Tower, first-time users for Tumblr’s mobile app declined 33% year-over-year last quarter.
“Tumblr is


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Verizon To Begin 5G User Trials in 11 Markets by Middle of Year

Verizon will test faster fifth-generation (5G) mobile broadband service in 11 markets in the first half of this year as the nation’s largest wireless carrier tries to take the lead in the 5G race. From a report on Bloomberg: Working with equipment partners including Ericsson and Samsung, Verizon will beam 5G signals to a test group of homes and businesses in Ann Arbor, Michigan; Atlanta; Bernardsville, New Jersey; Brockton, Massachusetts; Dallas; Denver; Houston; Miami; Sacramento, California; Seattle; and Washington, D.C., according to a statement released as part of Mobile World Congress, which starts this week in Barcelona. While 5G service isn’t expected to be commercially available until 2020, Verizon and its closest rival, AT&T, are bringing the technology out of the lab and into the hands of actual users to spur development.

Read more of this story at Slashdot.


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Verizon buys Yahoo for $4.83 billion

 After a months-long bidding process and many layoffs, Yahoo has finally found a buyer. Verizon (which owns AOL, which owns TechCrunch) is officially acquiring Yahoo’s core business for $4.8 billion, which includes Yahoo’s advertising, content, search and mobile activities. Read More


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Verizon acquires Yahoo for $4.83 billion

After speculation and rumors, the deal has been done. Verizon has stumped up $4.83 billion in cash for Yahoo’s operating business, including search, advertising and content. The acquisition adds an extra one billion monthly active users to Verizon’s customer base, and the deal comes just over a year after the company acquired AOL. Verizon’s CEO says the company is in a ‘highly competitive position’ and the deal will ‘help accelerate our revenue stream in digital advertising’. Verizon now has a huge portfolio of brands, spanning everything from publishing and advertising, to search and news. The deal is expected to complete… [Continue Reading]


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Remaining Yahoo to rebrand after sale of assets to Verizon in 2017

 One asset that Verizon will be getting as part of its $4.83 billion acquisition of Yahoo’s core assets, which it did not specifically mention in its big announcement today, is Yahoo’s (in)famous brand — main name, purple color and exclamation mark all included. This, in turn, means that when the deal is completed (expected Q1 2017) the remaining Yahoo will rename itself… Read More


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Verizon is launching virtual network services

 Called “Virtual Network Solutions” and announced in a press release filled with so much corporate jargon it’s barely understandable, the idea is that spinning up, monitoring, managing, protecting, and tweaking networks is hard for businesses dealing with private and public clouds (unless you’re Goldman Sachs, the CIA, or Verizon itself) so why not let a big ole network… Read More


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Goodbye, Yahoo!

My oldest Internet ID, three letters, is vintage 1996. Yahoo’s impending demise, which could be to Verizon, almost certainly will mark the end of our long relationship. We mutually will abandon one another. I’m sorry that it comes to this. Yahoo sealed its fate when cutting the deal to outsource search to Microsoft during summer 2009. The disaster I predicted then will soon end the iconic brand, what little remains of it. Many people will blame CEO Marissa Mayer, but she was but steward of the sinking ship. Doom was a certainty after Yahoo surrendered crown jewel search. That the company limped along… [Continue Reading]


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