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.
The Tumblr FAQ about the sale.