Automattic, the company behind publishing platform WordPress, has sold $50 million in a secondary offering led by investment management firm Tiger Global. The sale will allow some early investors and employees to get cash in exchange for their shares, while adding another stakeholder in the company. → Read More
“We could go public,” SurveyMonkey CEO Dave Goldberg says, “but the cost of going public — of running a public company — outweighs the benefits.” As the founder of LAUNCH Media, which he took public before selling to Yahoo! (where he stayed for six years), Goldberg is familiar with the IPO process and isn’t in any hurry to repeat it. → Read More
Our sources in Turkey (local tech blog Webrazzi) tell us Kleiner Perkins Caufield & Byers and Tiger Global have invested between $25 million and $30 million in private shopping site Trendyol. → Read More
LinkedIn and investment firm Tiger Global both filed separate SEC filings yesterday evening indicating that the firm loaded up on LinkedIn stock both before and after the company’s IPO in May.
According to the filing, a Tiger’s head Chase Coleman and Tiger fund, PIP V, acquired 2,436,001 shares of preferred and common stock of LinkedIn on secondary markst, from December 21, 2009 to August 10… → Read More
Private equity firm Tiger Global Management has acquired a 50% stake in Russian online mall Wikimart, reports local newspaper Vedomosti (via blog Quintura). The deal actually took place in May, according to the report but only came to light recently.
Wikimart targets countries in the previous Soviet Union, letting individuals and small retailers set up shop online, offering features such as an… → Read More
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