Reddit, the social news site with a big Web footprint, is raising a big funding round — with help from some of the people who helped launch the site nine years ago, including co-founder Alexis Ohanian and other people associated closely with startup incubator Y Combinator. Sources said the almost-anything-goes site has reached a preliminary agreement to sell less than 10 percent of the company for more than $50 million. That could give the company a valuation of upwards of $500 million. Given investors’ new-found appetite for content companies — see:…
Read MoreReddit Is Raising Big Funding of $500 Million
