[joshbetz]

According to the timeline they first sent it in May. The day before the talk was presumably just the latest attempt to negotiate.

[graeme]

No, they said:

>FIRST term sheet sent in May

Emphasis mine. Then

>For transparency, Automattic is publishing the full term sheet WPE was offered on September 20th.

If it was the same term sheet they would not have distinguished it. Note that they did not publish the first term sheet.