Google buying Digg?
July 23, 2008
TechCrunch’s “inside sources” say Google and Digg have signed a letter of intent, which will lead to Google’s acquisition of Digg. The cost to Google is reported to be around $200 million. The two companies have been in on and off negotiations for some time now. The sale would end Digg’s three-year ad revenue contract with Microsoft.
This new development puts an interesting perspective on the Google testing of a Digg-like search feature.
(TechCrunch “Google In Final Negotiations To Acquire Digg For “Around $200 Million”)
