News Corp. in talks with Digg

Posted by Cory Bergman on October 24, 2006

TechCrunch is reporting that Digg has been in recent acquisition talks with a number of companies, including News Corp., but the company was unable to land offers in the $150 million range — its target sales price. “If a firm offer isnâ€™t made in the next week or so north of $150 million, look for Digg to close a $5+ million second round of financing later this year,” writes Michael Arrington. As LR readers know, I’m a huge fan of Digg, but the site is still proving itself with coverage outside of its technology niche.

http://www.fimoculous.com Rex

Interesting that their valuation is one-tenth of YouTube.
Aaron

What happened to Digg? It used to be about technology, science, and some random story that would make it on the list.

Lately, it has turned into an anti-Bush site. People are entitled to their political opinions, but at any given time there are 2-3 various stories about Iraq, this Foley stuff, etc. Its just not the same as it was.

The whole idea of Digg is easy to recreate. Anyone who pays $150m for Digg is crazy.
http://cbs2chicago.com Micharl

Netscape tried to recreate it, but failed. It’s not just the process that needs to be recreated, it’s the community.
Bob Jones

Digg is full of far-left loons who despise Bush and give up all reasonable debate and burden of proof. I imagine a backlash if Rupert Murdoch buys it.
http://thechicagostation.com thechicagostation

the price seems high given what it is.

it is curious that News is going after some low hanging fruit here.

take the money.
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