I suspect the true total cost was a fair bit higher due to a hosting arrangement. I'd imagine Tumblr remained on Yahoo bare metal servers for quite some time after the sale. If so, Automattic would have had to pay a significant monthly fee for this, given Tumblr's large infrastructure footprint.
That arrangement would have been quite appealing for Verizon, since by this time there was likely a surplus of aging bare metal servers in Yahoo's datacenters, and these would otherwise be difficult for Verizon to monetize.
disclosure: worked for Tumblr but left long before this sale and not directly familiar with any of the specifics of the deal
That arrangement would have been quite appealing for Verizon, since by this time there was likely a surplus of aging bare metal servers in Yahoo's datacenters, and these would otherwise be difficult for Verizon to monetize.
disclosure: worked for Tumblr but left long before this sale and not directly familiar with any of the specifics of the deal