Reddit, the online news aggregator and social bookmarking site, has been acquired by Conde Nast publications, the owner of " Wired Digital" magazine.
The sum is undisclosed but various rumours estimate it to be around the 65 million $ mark. Reddit's 4 founders cum employees will relocate to San Francisco, Wired's headquarters- Steve Huffman, Alexis Ohanian, Aaron Swartz and Chris Slowe.
Another acquisition after G bought Youtube not too long ago.
Looks like the acquisitions are flying thick and fast