Armenius
Extremely [H]
- Joined
- Jan 28, 2014
- Messages
- 37,175
The Verge is reporting that almost 5 months after banning porn from Tumblr and experiencing a 20 percent drop in traffic, Verizon is now looking at potential buyers for the platform.
Verizon finalized its $4.5 billion acquisition of Yahoo in 2017, which led to it taking ownership of Tumblr. Tumblr is currently part of Verizon Media Group (formerly Oath), the umbrella brand for digital properties that Verizon ultimately controlled after its two buyouts of AOL and Yahoo. The Journal notes that Verizon’s attempt to offload Tumblr comes as it tries to make the best of its collective media business after a $4.6 billion write-down last year, which was essentially an acknowledgement that both deals had been a mistake. Verizon sold one of its Yahoo assets, Flickr, to SmugMug about a year ago. Guru Gowrappan, the executive put in charge of Verizon Media Group last year, later criticized that sell-off as too time-consuming without enough reward.
But publicly, Verizon executives remain committed to the properties despite layoffs that have affected some of the sites and entertainment divisions. “I hope there is no doubt about our commitment to Verizon Media Group and how it fits into our whole strategy,” CEO Hans Vestberg said earlier this week, according to the Journal. Tumblr, it seems, is not necessarily part of that strategy. But now the question becomes whether there’s even a viable buyer for the platform in 2019 that won’t let it slowly wither away.
In an update to the article, The Verge adds that Pornhub VP Corey Price is "extremely interested" in buying Tumblr.
On Thursday evening, Pornhub VP Corey Price claimed in a statement to BuzzFeed News that his company is “extremely interested” in buying Tumblr and “very much looking forward to one day restoring it to its former glory with NSFW content.” The company did not say whether it has actually made any legitimate offer to Verizon, however.
I guess this is a lesson that one should embrace the nipple, not shun it. And furries... Furry nipples?
Verizon finalized its $4.5 billion acquisition of Yahoo in 2017, which led to it taking ownership of Tumblr. Tumblr is currently part of Verizon Media Group (formerly Oath), the umbrella brand for digital properties that Verizon ultimately controlled after its two buyouts of AOL and Yahoo. The Journal notes that Verizon’s attempt to offload Tumblr comes as it tries to make the best of its collective media business after a $4.6 billion write-down last year, which was essentially an acknowledgement that both deals had been a mistake. Verizon sold one of its Yahoo assets, Flickr, to SmugMug about a year ago. Guru Gowrappan, the executive put in charge of Verizon Media Group last year, later criticized that sell-off as too time-consuming without enough reward.
But publicly, Verizon executives remain committed to the properties despite layoffs that have affected some of the sites and entertainment divisions. “I hope there is no doubt about our commitment to Verizon Media Group and how it fits into our whole strategy,” CEO Hans Vestberg said earlier this week, according to the Journal. Tumblr, it seems, is not necessarily part of that strategy. But now the question becomes whether there’s even a viable buyer for the platform in 2019 that won’t let it slowly wither away.
In an update to the article, The Verge adds that Pornhub VP Corey Price is "extremely interested" in buying Tumblr.
On Thursday evening, Pornhub VP Corey Price claimed in a statement to BuzzFeed News that his company is “extremely interested” in buying Tumblr and “very much looking forward to one day restoring it to its former glory with NSFW content.” The company did not say whether it has actually made any legitimate offer to Verizon, however.
I guess this is a lesson that one should embrace the nipple, not shun it. And furries... Furry nipples?