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WordPress Developer, Automattic, Sells $50 Million In Stock

5:34 pm on May 24, 2013 (gmt 0)

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Automattic, the company behind publishing platform WordPress.com, has sold $50 million in a secondary offering led by investment management firm Tiger Global. The sale will allow some early investors and employees to get cash in exchange for their shares, while adding another stakeholder in the company.WordPress Developer, Automattic, Sells $50 Million In Stock [techcrunch.com]