Cheezburger Network wants to buy Reddit

Ben Huh, CEO and Founder of the Cheezburger Network, comprised of responsible internet sites like I Can Has Cheezburger? and FAIL Blog, has made a public offer to buy Reddit from Conde Nast. Reddit is a social news website similar to Digg except it goes beyond user submitted links, they also allow "self" posts which is user submitted text meant to generate discussion or help solve a problem.

Recently Reddit and Conde Nast were in a disagreement about running Prop 19 ads on the site. Prop 19, also known as the Regulate, Control and Tax Cannabis Act of 2010, will legalize marijuana in California. Conde Nast said that they did not want to run the ads so the staff at Reddit pushed the issue. Conde Nast responded with, "As a corporation, Conde Nast does not want to benefit financially from this particular issue." So in protest Reddit has started running the ads for free.

After the disagreement between Reddit and Conde Nast, Ben Huh came out and made the public offer to buy Reddit. Ben has made private offers to buy Reddit but nothing has come of it, he made the public offer saying,

"I believe that Reddit is one of the best communities I have seen on the Internet. I also believe that Reddit would benefit from more resources and less corporate interference. We can offer all of the above. And we’d love to buy Reddit and all those pesky troublesome users that we love so much."

Techcrunch asked Ben for a comment and he said he's "totally serious about buying Reddit” and that he thinks Reddit “would do better under a strange and weird start-up like us, rather than a corporate giant like Conde Nast."

Report a problem with article
Next Article

Want an iPad alternative? Wait for Android 3.0

Previous Article

LG plans to mass-produce flexible 19-inch E-Paper

Join the conversation!

Login or Sign Up to read and post a comment.

21 Comments - Add comment