Yahoo owner sells Tumblr microblogging site

Microblogging platform Tumblr is being sold off by American telecommunications company Verizon, just two years after it was acquired as part of its Yahoo takeover. Automattic, the firm behind blogging service WordPress.com, will gain ownership of Tumblr, which its chief executive described as “a once-in-a-generation opportunity to have two beloved platforms work alongside each other…