WordPress Parent Automattic Buys WooCommerce

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WordPress Parent Automattic Buys WooCommerce | Re/code

Last year Automattic, the company behind WordPress.com, raised $160 million. Now the publishing software company is spending some of that money, by acquiring WooCommerce, an e-commerce tools company.

Sources say Automattic will spend more than $30 million in cash and stock to buy the 55-person company. Automattic CEO Matt Mullenweg wouldn’t comment on the price but said the acquisition was the largest his company had made, “by about 6x.”