This week, Automattic revealed that it has already signed the paperwork Select Tumblr from Verizon, together with all the workforce of 200 folks. Tumblr has undergone a substantial journey for the reason that entrance runner by Marissa Mayer & # 39; s Yahoo in 2013 for $ 1.1 billion, however after six years of neglect, his final transfer is his first actual begin because it left an unbiased firm. Now it’s within the palms of Matt Mullenweg, the one founder of a giant know-how firm who has repeatedly proven a expertise for measured responses, moderation and a willingness to chorus from reckless explosive progress to get issues "good."
There has by no means been a greater acquisition for all events concerned, or not less than one the place every social gathering needed to stroll away with the sensation that that they had precisely what they wanted from the deal. Sure, that’s regardless of the reported an asking price of $ 3 million.
Verizon Media has taken over Tumblr via a purchase order settlement Yahoo, beneath a earlier technique and management staff of the media unit. Verizon Media has no real interest in the corporate, and headlines that speak in regards to the bathtub that it apparently value in comparison with the unique acquisition value of $ 1.1 billion are deliberately ignorant or just silly.
Six years after one other firm made that unhealthy deal for a corporation, it clearly didn’t have the proper enterprise focus to work accurately, Verizon made a superb one to earn again some cash.