Conde Nast Acquires Ars Technica

Conde Nast, the mother-company of Wired, has acquired technology blog Ars Technica (Latin for the art of technology) reportedly for $25 million, according to Mike Arrington of Techcrunch.

The report added that founders Ken Fisher and Jon Stokes will remain with the company as they get integrated with Wired Digital.

Formal announcement is expected next week.