Verizon is seeking a buyer for its Tumblr blogging website, as it tries to steady a media business that has struggled to meet revenue targets
Verizon Communications Inc. is seeking a buyer for blogging website Tumblr, according to people familiar with the matter, as it tries to steady a media business that has struggled to meet revenue targets.
The sale process, which is ongoing and may not result in any transaction, comes as the wireless carrier tries to improve the fortunes of Verizon Media Group. The business, which was previously known as Oath, is home to websites and online services acquired when Verizon bought Yahoo in 2017 and AOL in 2015.
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