Tiger valued Automattic "just below" the $1.1bn, according to news provider Fortune.

Automattic, a US-based publisher of the WordPress.com website development platform, has raised $50m from hedge fund Tiger Global, in a secondary deal that provided liquidity to early company shareholders such as news provider New York Times Company (NYT).

Tiger valued Automattic “just below” the $1.1bn, according to news provider Fortune.

Matt Mullenweg, chief executive of Automattic, said: “the minority of stockholders that elected to participate are holding on to the vast majority of their shares.”

In January 2008, Automattic raised…