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September 19, 2013 03:32 am GMT
Just months after Tiger Global Management paid $50 million for a secondary stake in Automattic, the maker of WordPress.com, the investment management firm has done it again. We learned yesterday that Tiger had made another $60 million investment in the company.Tiger bought the shares from Polaris Partners, who also sold $15 million in shares to Iconiq Capital. Polaris, which has invested in Automattic since its $1.1 million Series A round in 2005, retains about one third of its shares.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/TczHeVROsu4/
Mullenweg Wants WordPress To Power A Majority Of All Websites
Just months after Tiger Global Management paid $50 million for a secondary stake in Automattic, the maker of WordPress.com, the investment management firm has done it again. We learned yesterday that Tiger had made another $60 million investment in the company.Tiger bought the shares from Polaris Partners, who also sold $15 million in shares to Iconiq Capital. Polaris, which has invested in Automattic since its $1.1 million Series A round in 2005, retains about one third of its shares.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/TczHeVROsu4/
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