Is Digg Getting Acquired?
Mike Arrington is reporting that Digg is soon to be acquired by Google or Microsoft. The new acquisition price? $200 – $225 million. As Caroline McCarthy points out, this is most likely rumors as $300 million rumors have been floated before. This would be a massive payout for the investors and shareholders given that they’ve invested less than $12 million in the business so far.
I seriously question the legitimacy of this given Google’s declining stock price and the audience currently attracted to the site.
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