Friday, March 7, 2008

Digg for sale, Microsoft and Google in a bidding war!

TechCrunch is reporting that Digg has been working with influential investment bank Allen & Co. for a possible sell-out, as soon as possible.

Internet giants like Google and Microsoft is believed to be preparing a bid for Digg.

According to TechCrunch, Digg is prepared to take less than the $300 million Allen & Co. were floating late last year. Google will likely bid $200-$225 million, which Digg would likely accept.

It is interesting to see which way the deal goes.

Digg was founded by Kevin Rose in late 2005 as a community-based news article popularity website.

You can read the full TechCrunch report here.

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