22 Mar, 2011
Condé Nast to spin-off Reddit for $200m
Reddit0 Comments
0
0
Mark Devlin
Mark Devlin2011-03-22 20:52:372014-11-05 22:00:30Condé Nast to spin-off Reddit for $200m
According to Peter Kafka of All Things D, Condé Nast wants to spin-off Reddit for $200 million. The theory is that taking Reddit outside of Condé Nast’s corporate structure would make the site that much more valuable, and would give it a better chance to compete for capital, managers and employees alongside the likes of startups like Quora, StackExchange, and others.