/ / / Verizon reportedly will dump one of its well known media properties

Verizon reportedly will dump one of its well known media properties

Back in June 2013, Yahoo purchased micro-blogging and social networking app Tumblr for $1.1 billion (including liabilities). Then Yahoo CEO Marissa Mayer wanted to bring some younger users to Yahoo, and she thought that Tumblr would help. Three years later, Yahoo wrote off $712 million of the purchase price in two separate transactions leading up to Verizon's acquisition of Yahoo for $4.5 billion.

Now, according to the Wall Street Journal, it appears that Verizon wants to get rid of Tumblr. Once adult content was banned from the site back in December, the number of ...

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