Evidence that Digg may be preparing for a buyout

Discussion in 'Submitted News' started by Dark Atheist, Dec 19, 2007.

  1. Dark Atheist

    Dark Atheist Moderator Political User Folding Team

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    In the latest of a long string of rumors surrounding Digg, some financial publications and bloggers are speculating that the online community is placing itself on the shopping block.

    This morning, financial publications and bloggers including VentureBeat were speculating that the online community is placing itself on the shopping block. It has apparently hired Allen & Co., an investment bank specializing in media deals, to cook up an offer.

    The asking price could be around $300 million, it was reported. Microsoft and Barry Diller's IAC/InterActive Corp. are now among the rumored possible suitors.

    Source
    http://www.betanews.com/article/Evidence_that_Digg_may_be_preparing_for_a_buyout/1198004116

    I can digg it (oh come on! you really didnt expect me to type that?! :p )