Marketing Pilgrim

TechCrunch believes Digg is close to closing around $5m in second round financing soon, as the company has failed to find a buyer willing to pay their asking price.

…Digg has been in recent acquisition discussions with a number of companies, including News Corp., according to multiple sources close to the negotiations. However, the company was unable to land an offer in the price range they’re looking for - at least $150 million - and will likely close a Series B round of financing instead.

If they get $150m, that would be a nice increase on the $30m Yahoo was rumored to be offering back in January.

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