• rumormonger

    Digg close to a $300 million sale?

    Digg is close to announcing its sale to a major media player for $300 million to $400 million, according to sources close to the company, I hear. When I floated this Digg rumor past some knowledgeable friends, several scoffed: "When isn't Digg up for sale?" It's true: The news-discussion site is perpetually in talks — but we hear the price tag always sinks potential deals before they're consummated. CBS, for example, backed off, with effervescent dealmaker Quincy Smith citing the media company's bubbly $280 million purchase of Last.fm as the reason it couldn't bid a high price for Digg. Things are different now, though. More »

    Feature

    1:43 PM on Wed Nov 7 2007
    By Owen Thomas
    35,999 views, 12 comments

    Latest by ceokhan: Digg is quiet a money maker so I am not surprised at the price tag. Although through their recent success more »

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