News Corp. in talks with Digg
Cory Bergman October 24th, 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 isn’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.
16 Comments Add your own
1. Rex | October 24th, 2006 at 10:59 pm
Interesting that their valuation is one-tenth of YouTube.
2. Aaron | October 25th, 2006 at 3:47 am
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.
3. Micharl | October 25th, 2006 at 4:29 am
Netscape tried to recreate it, but failed. It’s not just the process that needs to be recreated, it’s the community.
4. Bob Jones | October 25th, 2006 at 5:53 am
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.
5. thechicagostation | October 25th, 2006 at 6:43 am
the price seems high given what it is.
it is curious that News is going after some low hanging fruit here.
take the money.
6. The Blogging Times »&hellip | October 25th, 2006 at 8:11 am
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7. Webomatica&hellip | October 25th, 2006 at 12:09 pm
First YouTube, Now Digg?…
Now we have Digg acquisition rumors, started at Techcrunch, the same place that broke the YouTube sale.
I’m starting to think a sign a company is worth buying is when people start referring to it as a verb. In that people “Google” thi…
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