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Wired Digital Acquires News Aggregation Site Reddit.com

Authored by Mark Hefflinger on October 31, 2006 - 2:33pm.
San Francisco - Wired Digital, the San Francisco-based online home of Wired magazine and Wired News, said on Tuesday that it has acquired Boston-based Reddit.com, a social aggregation news site that allows users to select and rank Web content.

Financial terms of the deal were not disclosed. Reddit will relocate to San Francisco, with founders Steve Huffman, Alexis Ohanian, Aaron Swartz and Chris Slowe becoming employees of Wired Digital.

Wired's parent company, Condé Nast, has already used Reddit's technology to launch a beta site, Lipstick.com, for the social filtering of celebrity news.

Related Links:
http://biz.yahoo.com/bw/061031/20061031005974.html?.v=1 
http://www.wired.com
http://www.lipstick.com
http://www.reddit.com
tags: Deals | Internet | Online Publishing | Acquisitions | News | WIRED | Conde Nast | Web 2.0 | Reddit |

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