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Automattic acquiring Texts

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Automattic, the company behind, Tumblr and Pocket Casts, is buying universal messaging app Texts.

The deal is valued at $50 million.

“I like to pick areas I feel are so fundamental to the human condition that I can work on this the rest of my life,” said Matt Mullenweg, Automattic’s CEO. “Self-publishing, commerce and messaging covers a good chunk of all human activity, and they’re also three areas where I think an open-source solution is necessary for the long term.”

Read more from The Verge.


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