TechCrunch profiles the companies, products and events that are defining and transforming the new web. TechCrunch is written by Michael Arrington.
Visit TechCrunch
Breaking: Cond Nast/Wired Acquires Ars Technica
Posted on May 16, 2008
Cond Nast has acquired popular technology blog Ars Technica, we ve confirmed. The site will become part of Wired Digital (which in turn is under Cond Net, run by Sarah Chubb). Wired Digital assets include Wired.com and Reddit (acquired in 2006). The acquisition price will not be disclosed, but our sources say it is in the $25 million range, which is what Cond Nast paid for Wired.com in 2006. Effectively, Ars Technica is now part of Wired. Look for an official announcement next week.This marks a new beginning for Ars Technica, which was originally founded in 1998 by Ken Caesar Fish...
Original article link
Subscribe to TechCrunch