Ars technica sold to Conde nast.
Quote:
We've confirmed the rumors. The word from Evan Hansen, Wired.com's editor in chief, is that Condé Nast acquired Ars Technica for an undisclosed sum. The official announcement comes Monday morning.
[Full disclosure: Wired.com is happily owned by Condé Nast.]
For Condé Nast, which acquired Wired.com for about $25 million in 2006, the deal expands its technology footprint. The editorial staffs, however, will not be integrated.
The announcement is part of a long web shopping spree for Condé Nast; it bought social news site Reddit in October 2006; and it acquired travel blog network SFO*Media last month.
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Source: It's True: Condé Nast Bought Ars Technica | Epicenter from Wired.com
However bad news this may be. It might profit Hardwarehell a lot.
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