It looks like Verizon is feeling some buyer’s remorse with Tumblr.
The Wall Street Journal reported on Thursday that the telecom giant is looking to offload the social blogging site a little less than two years after acquiring it. It doesn’t sound like there’s a buyer yet and Verizon may not find one, according to the Journal, but the company is at least looking.
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Tumblr was founded in 2007 and purchased by Yahoo for a whopping $1.1 billion in 2013. It was a landmark acquisition during former Yahoo CEO Marissa Mayer’s tenure, but it didn’t really work out the way Yahoo planned. Read more…
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