Tuesday, October 31, 2006

Wired Digital Buys Reddit.com

San Francisco-based Wired Digital, which owned Wired magazine and Wired News, said Tuesday afternoon that it has acquired Reddit.com. Reddit is an online social aggregation news site that competes against Digg.com in the social media space. Terms of the deal were not discolsed. Wired Digital is owned by Conde Nast.