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This was written by Sultan Al-Qahtani – Automattic Inc., of WordPress, recently acquired Verizon's Tumblr social network application. Some leaks suggest that the takeover was worth less than $ 20 million.
Tumblr has made little profit in the past, especially after Verizon acquired the social network in 2017 as part of the acquisition of Yahoo, where the company has only 450 million blogs.
Today, the Tumblr social network was acquired by the WordPress developer, who acquired Verizon's social network under a contract whose value has not been made public. , has already expired.
Some leaks indicated that the acquisition ended at less than $ 20 million, while others claimed the transaction was less than $ 10 million.
More than 200 employees are about to move to Automattic Inc. and the CEO of Automattic has announced its intention to maintain the content ban imposed by Verizon due to immoral content on the social network for a certain period of time. time.
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Here are the details of the technological news: Automattic Inc acquires the social network of Tumblr for today.
It should also be noted that the original news has been published and that it is available on borderless technology has been confirmed by the Gulf 365 editorial team and may have been modified and have been fully transferred or in quotation marks. You can read and follow the news of the source of origin.
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