Is Condé Nast planning to sell part of Reddit?


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All Things Digital recently posted an article titled "If You Love Something, Set It Sort-Of Free: Condé Nast Mulling Reddit Spin-Off." In essence, the report stated that Condé Nast, which bought Reddit five years ago, is considering spinning out the social news site and is talking to investors about selling a stake. Supposedly, the parent company is giving Reddit at a $200 million valuation.

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