![Verizon CEO Hans Vestberg](https://static-ssl.businessinsider.com/image/5c585d3f70a61e46b00a027a-2000/rtx47h9c.jpg)
Reuters/Steve Marcus
Verizon CEO Hans Vestberg.
- $4 is looking to sell $4, according to $4
- The process is on-going and it's unclear whether the company will find a buyer, according to the report.
- $4
Verizon Communications is looking to sell Tumblr, the free blogging platform it acquired when it bought $4 in 2015, $4
The process is still on-going, and it's unclear whether it will result in a sale or what price Verizon is hoping to get for the web site, according to the report which cites anonymous sources.
Any deal is unlikely to be for a price anywhere near the $1.1 billion that Yahoo paid for Tumblr back in 2013. Yahoo$4 by $230 million three years later, and Tumblr's popularity has faded in recent years. Tumblr founder $4, when Tumblr was subsumed by Verizon with the acquisition of Yahoo.
The sale process comes as Verizon
At the end of 2018, Verizon said it would $4 of that business by $4.6 billion.
Tumblr was founded in 2007 and grew in popularity when microblogging was a popular trend on the internet. The platform currently has 465.4 million blogs and 21.6 million daily posts.
Tumblr took a major hit in the first quarter of the year after it banned Not Safe For Work content from its platform. Its daily visitors dropped by 30% between December 2018 and March 2019, $4.
Verizon did not immediately return a request for comment.
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