Conde Nast Purchases Reddit

  • November 1, 2006
Conde Nast's Wired Digital has acquired social news site Reddit.com, the companies said Tuesday. Financial terms were not disclosed. Reddit will integrate its technology which--like Digg.com--allows users to rank news stories, with Wired.com and other Conde Nast sites. Reddit also will continue to offer its technology to outside companies, a Conde Nast spokeswoman said. Conde Nast started using Reddit technology earlier this year in beta, at the celebrity gossip site Lipstick.com.
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