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Reddit acquired by Condé Nast, to join Wired Digital

Social media site Reddit has been bought by Wired publisher Condé Nast for an undisclosed sum, with TechCrunch again breaking the rumour. Reddit has itself just confirmed the news.

Reddit, which enables users to suggest and rank stories, is a user-generated news aggregator, with stories rising to the top based on popularity, rather like competitor Digg.

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Posted 17:50 31 Oct 2006 by Richard Maven

Filed under: Communities, Web 2.0, Social Media, Publishing, Startups, Entrepreneur, Gossip, Big Media, Reddit, YCombinator, Conde Nast

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