Everyone is aquiring everyone on this spooky Halloween.
Google bought JotSpot, now Condé Nast, the owners of Wired magazine, have bought Reddit. Similiar to Digg, Reddit is a website that lists what the popular news is online, by users voting, and submitting articles.
Michael Arrington scooped the news of the deal, and that Reddit employees will be packing up and moving from Boston to the Wired headquarters in San Francisco and merging into Wired Digital. Should be interesting to see how a traditional publishing company will beef up Reddit and aim to make it a Digg killer. If thats in the plan. No news has been released as to other terms of the deal.
Tags: conde nast, CondeNast, digg, magazine, news, reddit, wired
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Comments
2
Subscribe to commentsJordan RunningOct 31st 2006 12:39PM
Wow! This is a crazy Halloween!
ScottOct 31st 2006 2:54PM
Aaaw crap, that's too bad... Congratulations to the Reddit team(!), but any time there's a buyout like this, what was once a great site soon becomes a corporate shill.