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Verizon to sell Tumblr

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Blogging website Tumblr is getting its third owner in six years.

Verizon announed it would sell the site to Automattic, the parent company of Wordpress.com, for undisclosed terms.

Yahoo bought Tumblr for $1.1 billion in 2013. It was sold to Verizon in 2017.

Read more from CNN Business.

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