Which company acquired Reddit in 2006?

Condé Nast acquired Reddit in 2006. The media company completed the purchase on October 31, 2006, after Reddit’s rapid growth as a social-news website.

Reddit had launched in June 2005, created by Steve Huffman and Alexis Ohanian with funding from Y Combinator. Its early users submitted links that were ranked through voting, a simple model that helped the site build an audience quickly. Aaron Swartz later joined the company and contributed to its development.

The acquisition was widely reported as a Condé Nast deal, although coverage often described it as Condé Nast’s Wired Digital division acquiring Reddit. The reported sale price was between $10 million and $20 million. Reddit remained associated with Condé Nast for years before becoming an independent company within Advance Publications in 2011.

A common mix-up is confusing Reddit’s buyer with later investors or owners, including Tencent and Advance Publications. The single canonical answer for the 2006 acquisition is Condé Nast.