Condé Nast and Wired Acquires Ars Technica
May 18, 2008
Condé Nast has acquired popular technology blog Ars Technica (ranked #5 all time on the BloggerBoard), we’ve confirmed. The site will become part of Wired Digital (which in turn is under CondéNet, 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 Condé Nast paid for Wired.com in 2006. Effectively, Ars Technica is now part of Wired. Look for an official announcement next week. - From TechCrunch
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