Michael Arrington from TechCrunch just gave news that Digg.com may be on it’s way to be purchased, as acquisition discussions have been unfolding. One of those companies which is interested in Digg is News Corp.

However, the company was unable to land an offer in the price range they’re looking for – at least $150 million – and will likely close a Series B round of financing instead.

In the race for the top social/news website, leaving MySpace aside, Digg is by far the most visited according to this graphic.

digggraphic.png

If what Kevin Rose said, about Digg not being breakeven, I think that it’s safe to assume that whoever buys Digg will focus more on making money than on adding features to the website itself, at least during the beginning.

Share and Enjoy

  • StumbleUpon
  • Reddit
  • Digg
  • del.icio.us
  • Facebook
  • TwitThis

Related posts:

Digg Everything?
Kevin Rose Goes for Third Startup
Digg 3.0
FG-DIGG Issue on TWiT
The Digg Effect

Hope you like that post!

Forever Geek is a resource for all things geek. You can stay tuned by having the latest FG news delivered to you for free via RSS.