Blackrock marks down its investment in Automattic by 10%

Company Valuation - Blackrock has reduced the value of its stake in Automattic by 10%, valuing its investment at $37.5 per share, down from$41.7 per share earlier this year [1] - The valuation reduction follows Automattic's publicized legal battle with WP Engine [1] Legal Dispute - Automattic and WP Engine are engaged in a legal battle after Automattic's CEO blocked WP Engine from accessing WordPress org [2] - WP Engine is seeking a preliminary injunction to regain access to WordPress org [2] Ownership Details - Blackrock owns only 0 6% of Automattic and holds no voting rights in the company [2]