Facebook co-founder Chris Hughes is expanding his portfolio. Hit the jump to learn more about his recent corporate acquisition.

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Facebook co-founder Chris Hughes has purchased The New Republic, a magazine that’s almost 100 years old and has been struggling to be relevant.

It’s not exactly the sort of purchase you’d expect from a 28-year-old tech mogul, but he says he’s hoping to produce a high quality magazine with rigorous journalism. – Business Insider