Conde NasteReddit

Condé Nast to spin-off Reddit for $200m

22 Mar, 2011

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.

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