May 2, 2019 / 7:22 PM / 3 months ago

Verizon looking to sell Tumblr: WSJ

FILE PHOTO: The Tumblr application is seen on a mobile phone in this illustration photo March 7, 2018. REUTERS/Thomas White/Illustration

(Reuters) - Verizon Communications Inc is seeking a buyer for its blogging website Tumblr, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

The ongoing sale process, which may not result in any transaction, comes as the wireless carrier tries to improve the fortunes of Verizon Media Group, the report added.

Verizon Media Group, formerly called Oath, is the digital media umbrella that owns more than 50 brands, including HuffPost, TechCrunch and Tumblr.

Verizon declined to comment on the WSJ report.

Reporting by Sayanti Chakraborty in Bengaluru; Editing by Maju Samuel

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