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This is an odd match, and at a time when the strategic value of Beeper seems to be very low. > Matt, Automattic’s CEO, and I have known each other for years C
by throwaway6e8f 2y ago
This is an odd match, and at a time when the strategic value of Beeper seems to be very low.
> Matt, Automattic’s CEO, and I have known each other for years
Could it perhaps be a favor for a friend to give a plausible reason for ejecting from the business without admitting failure?
- gkoberger 2y agoSure, but Automattic also bought Texts.com... this seems to be part of a bigger strategy on their part. Even friends don't spend $150M on friends for no reason. Automattic is doing well, but they don't have $150M to drop (plus future salaries, hosting, etc) just to help someone save face.
- Grustaf 2y agoThe $150M figure is just hearsay though, isn't it? Or has either party officially mentioned it?
- gkoberger 2y agoWhoops, I was a bit off, it's actually $125M https://www.nytimes.com/2024/04/09/technology/beeper-messaging-app-automattic.html https://www.nytimes.com/2024/04/09/technology/beeper-messagi... (Obviously a lot of that is likely stock, but that's true about most acquisitions)
- Grustaf 2y agoI can't read the story, is the number official?