Automattic, the company behind the WordPress blogging platform, reportedly has its investors on its case, possibly pushing for a sell. Automattic is currently being courted by a few companies, including Velocity Investment Group, but it looks like no decisions have been reached.
Is Automattic holding out Facebook-style? After the recent acquisition of Gravatar, surely the company is looking for as high of a valuation as possible, which could be anywhere between $150 million to $300 million right now. Automattic has reportedly raised just over $1 million in funding.
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