Rewired: Wired Publisher Conde Nast Acquires Wired News Portal

  • July 12, 2006
Conde Nast , publisher of digerati title Wired magazine, Tuesday said it acquired its online counterpart, Wired News, from Lycos for $25 million. Conde Nast originally acquired Wired magazine for $75 million in 1998. A year later, the online news portal was sold by the founders to Lycos for an estimated $83 million.
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