Summary:

Steve Newhouse just e-mailed in with the news: Wired News, now part of Conde Nast, has made another interesting acquisition:Reddit.com, whic…

Steve Newhouse just e-mailed in with the news: Wired News, now part of Conde Nast, has made another interesting acquisition:Reddit.com, which is a news aggregation and sharing site (much like Digg). The financial details were not disclosed. The site, founded last year, has been funded previously by the venture firm Y Combinator…the site says it gets about a million uniques a month.
The plans? “Our goal will be to build Reddit as an independent company by collaborating with Wired through the integration of its core technology, and by offering partnerships to allow other companies to do the same.” Wired’s parent company, CondeNast, has already used Reddit technology to launch a beta site, Lipstick.com, for the social filtering of celebrity news.
Earlier this year, Conde Nast bought two other sites: Wired News and NutritionData.
Time for other social news sites to go? IACI mentioned yesterday that it is looking at opportunities in the area. Some rumors about Digg being up for play, which has always been the case, circulated last week again.

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