Story here: Link.
Terms of the acquisition were not disclosed.
Reddit, which has four full-time employees, will move from Boston to Wired Digital's headquarters in San Francisco. It will operate under the Wired Digital umbrella along with Wired News, the daily technology news publication.
(…) "We're thrilled to become a home for this young company that has grown to more than 1 million unique users a month by building such an open and democratic community for the social filtering of news," said Kourosh Karimkhany, general manager of Wired Digital. "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 others to do the same."
(Thanks / congrats, Kourosh Karimkhany!)
Reader comment: Frank Hicinbothem says,
I saw your entry on BoingBoing about Wired acquiring Reddit. While I'm happy for them and all, it's not all good. As of the news this morning, they've seen fit to pull the plug on their most excellent NSFW aggregator: nsfw.reddit.com. That's a bummer, because it was a nice, low key aggregator for adult topics, in a world where such things are hard to find. Oh well, c'est la vie.
