Automattic, the company that makes wordpress.com blog publishing software and the wordpress.org open source project reportedly turned down $200m buyout offer . Apparently, they instead took a $50m round of financing to buy out the founder and CEO.

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This entry was posted on Monday, November 19th, 2007 at 2:42 pmand is filed under VC Funding. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.