Reddit Rumored To Be Raising Money, At A $400 Million Valuation

Welcome to yet another Rumor Sunday?. In 2011, Reddit was spun out of Conde Nast as a standalone company, but the publishing giant kept full ownership. At the time, Peter Kafka of AllthingsD reported that Conde Nast had considered the option of selling off parts of the company to investors at a $200 million valuation.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/iXNbtdnohws/

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