It was very interesting step taken by Yahoo! Inc. to give one of its acquired service i.e. Blo.gs (one of the coolest domain one can think of) to Automattic Inc. Blo.gs is a blog ping update service and here’s how they’ve explained themselves -
This is a directory of recently updated weblogs and tools for tracking interesting weblogs, in the spirit of services like weblogs.com and blogtracker and blogrolling.com.
Ma.tt announced this on his blog and interestingly wrote that Yahoo Inc. gave this property to them and didn’t mention that it was sold to them by Yahoo Inc for an undisclosed amount. Toni at Automattic, also didn’t mention the price and has just said that they were able to structure a deal with Yahoo Inc.
This will be an interesting property for WordPress as they are building/acquiring more and more services in blog industry (and making it difficult for me – one of my main goal is to develop a CMS that’ll be able to compete with WordPress) and will be able to come up as a complete solution to various enterprises or small businesses in future.
I was surprised to find out that in how many projects, Automattic is working on these days. Of course, this answers that where exactly the funding money is being used by Automattic 
It’s a very very impressive list and clearly a wonderful example of a brilliant and successful startup story.
Related posts
Loading ...
If you notice Automattic has been acquiring loads of other sites too. They took intensedebate. They also own gravatar.com. What next? Or better still next is what?
Well, we really can’t say
I’m sure twitter is out of their reach as of now otherwise they would have surely acquired it by now.