Report: Google, Microsoft, and two media companies bidding on Digg

Iria · Mar 7, 2008, 10:19 AM

If every blog rumor were to be believed, social news site Digg would have been bought a dozen times over by now, so take the latest one with the requisite grain of salt.

TechCrunch reported early on Friday that four companies are in the running to place bids on Digg--Microsoft, Google, and two unidentified "media companies"--and that a sale may happen soon. It'll likely be less than the $300 million that Digg was once rumored to go for; TechCrunch's Michael Arrington cited sources who said that Google is prepared to bid $200 million to $225 million and that Microsoft, which currently serves ads on Digg, is aiming slightly lower. That's a good bit less than the $300 valuation that was floating around when Digg reportedly hired investment bank Allen & Co. to shop it around.
__________
Source: News.com

Mar 7, 2008, 10:19 AM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 74	Report: Google, Microsoft, and two media companies bidding on Digg If every blog rumor were to be believed, social news site Digg would have been bought a dozen times over by now, so take the latest one with the requisite grain of salt. TechCrunch reported early on Friday that four companies are in the running to place bids on Digg--Microsoft, Google, and two unidentified "media companies"--and that a sale may happen soon. It'll likely be less than the $300 million that Digg was once rumored to go for; TechCrunch's Michael Arrington cited sources who said that Google is prepared to bid $200 million to $225 million and that Microsoft, which currently serves ads on Digg, is aiming slightly lower. That's a good bit less than the $300 valuation that was floating around when Digg reportedly hired investment bank Allen & Co. to shop it around. __________ Source: News.com