Thursday, July 24, 2008

Google close to acquiring Digg for '$200m'

Digg is to be purchased by Google for about $200 million, according to technology blog techcrunch.com.

This means that Digg will become part of the Google News service. Digg has become one of the most popular news websites, with users submitting stories and voting for other's submissions to appear in prominent positions on the site.

Microsoft is (rumored) interested in buying the Digg as well. Techcrunch reports that the majority of Digg's revenue comes from a three year advertising deal struck with Microsoft, which would be terminated should the company be sold to Google.

for the complete story, see:
http://www.independent.co.uk/life-style/gadgets-and-tech/news/google-close-to-acquiring-digg-for-200m-875290.html

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