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Ars Technica snapped up by Conde Nast

Posted on May 16, 2008

On the heels of CBS acquiring CNET for $1.8-billion comes another deal involving old media and new media: according to TechCrunch, the folks over at Conde Nast the magazine publishing family that owns Vogue, the New Yorker and Wired have plunked down about $25-million for Ars Technica, the tech site that recently caused a minor blog storm over an alleged lack of attribution in their blogs posts.Although Conde Nast is mostly known for print magazines, it has been making inroads into digital publishing, including the purchase of Wired (for about $25-million) last year, as wel...

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