Rafat Ali (PaidContent.org) has just posted on his site that Automattic, the company behind WordPress, is a sales candidate.
According to the post $150 million to $300 million is the rumored price and Velocity Investment Group, the roll-up fund founded by Jon Miller and Ross Levinsohn are potential buyers.
An Excerpt:
The difference between Automattic’s hopes and what buyers are willing to pay so far is holding back progress. The range we’ve heard is from $150 million to $300 million…the upper end being the company’s hopes, and the lower end being the amount buyers are interested in. (We think it would sell quickly at the lower end, and, no, we don’t get commission.) Automattic has only raised about $1.1 million in funding till now, or at least that’s what the company has disclosed publicly (though we suspect it has raised more.)
On my part i don’t think the sale (if ever) will go through soon, WordPress is a great piece of software and the potential for it to grow now as it is under Automattic is still huge and my personal believe (with me knowing 0% about business) is that WordPress is worth more than $200 million.
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October 20th, 2007 at 3:46 am
It has to happen one day. I just hope some how it stays free.