Social Media Newsfeed: Digg $500K Buy | Facebook Love | Tweet Screening
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Betaworks Buys What’s Left of Social News Site Digg (The New York Times/Bits Blog)
On Thursday, Betaworks, a technology incubator in New York, said it had acquired social news site Digg. Betaworks paid $500,000 for Digg’s assets, including the site and its technology, and Digg shareholders received equity in a new Betaworks unit that will use those assets, according to a person involved in the deal.
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