Automattic has bought Tumblr
The Verge is reporting that Automattic, the company behind WordPress, has purchased microblogging platform Tumblr from Verizon for less than $3 million.
In 2013, Tumblr was bought by Yahoo! for $1.1 billion.
The purchase should bring some stability to Tumblr, which has declined in popularity, but it will be interesting to see what benefits for WordPress might come from the purchase.