Verizon Sells Tumblr for a Bag of Nickels
In today's MarketFoolery, host Chris Hill talks with senior Motley Fool analyst Jason Moser about some market headlines -- mostly the company-based variety, plus a dash of macro, because, boy, that macro news sure is a real honker today. Meanwhile, Advance Auto Parts (NYSE: AAP) reported yet another cruddy quarter, but Wall Street hardly seems to hold that against the company. Constellation Brands (NYSE: STZ) (NYSE: STZ-B) is selling off its whiskey portfolio, calling its strategic focus mindset into question. Verizon (NYSE: VZ) offloaded social media platform Tumblr for a paltry $3 million (yes, with an M) -- a far cry from the $1.1 billion that Yahoo paid for it. At least, Automattic, the company behind WordPress, got a good deal. Tune in to learn more!
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Source Fool.com
