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Ars Technica bought by Conde Nast
- — 20 May, 2008 07:20
Conde Nast Publications has acquired Boston-based technology site Ars Technica, the company said Monday (download PDF).
Conde Nast said Ars Technica, which will continue to operate independently, will become part of Wired Digital. Ars Technica, which is planning to open offices in Chicago and San Francisco, will continue to be managed by co-founder and editor-in-chief Ken Fisher, who will report to Sarah Chubb, president of CondeNet, the digital division of Conde Nast.
Financial terms of the deal were not disclosed.
"We welcome Ars Technica to Wired Digital and Conde Nast, as we believe this fantastic site allows us to accelerate our expansion by tapping into a vital and sophisticated community," said Chubb in the statement.
According to Chubb, the acquisition will allow Conde Nast to have a larger voice and presence in the technology publishing industry and will offer its advertisers a new advertising platform.
"The strength of our brand combined with the expertise and resources of Wired Digital will dramatically accelerate the growth of Ars Technica," said Fisher in the statement. "Combined, we continue our quest to build an even better resource for our ever-expanding community of readers who not only need to keep up on technology, but are also passionate about it."