Wednesday, July 23, 2008

Google Snatching Up Digg For $200million?

The rumor mill has been running wild with speculation the Google will soon be buying Digg for a reported $200 million. The rumors began about a week ago when images on Web sites suggested Google was testing voting methods.

According to VentureBeat, Digg has been on the selling blocks since late last year, with an initial asking price of $300 mill. Michael Arrington over at TechCrunch reported yesterday that Google was in final negotiations to acquire Digg for “Around $200 Million”.

Feedback on the buyout rumors have been varied. Many long time diggers are concerned to say the least. Digg commenter Hiji writes, "This is the beginning of the end. In a few years all the major blogs and social-media sites will be owned by large corporations, putting us right back where we started."

For more interest remarks on the possible buyout check out the following Digg posts:

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