Thursday July 12, 2012

Digg Sells For Half A Million Dollars

Digg, the site that turned down $200M from Google in 2008, just sold for $500,000. Ouch! eek!

Under the deal, which Digg confirmed closed Thursday, Betaworks is buying the Digg brand, website and technology. The price was just $500,000, three people familiar with the matter saidآ—a pittance for a company that raised $45 million from prominent investors including LinkedIn founder Reid Hoffman and Marc Andreessen.

Comments