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.
Similar Stories in: General | Forward: Email This Post
Similar posts you may like...
4 comments on “Yo Dog! Wanna Buy Digg?”
- Google Search Share Stays Steady As Microsoft and Yahoo Wrestle for the Rest
- Chrome for Android Beta Arrives
- Majority of Users Say Social Networkers Are Kind and Caring
- The Sharing Economy: Could It Be the Next Big Thing?
- Groupon’s First Public Quarter Is No Deal for Investors
- Compete Says Google+ Is Becoming An Enormous Success
- Win Copies of Brian Carter's "The Like Economy: How Businesses Make Money With Facebook" - 32 comments
- Google's Not Focusing On the User! Waah Waah Waah, Cry Me a River! - 17 comments
- Reputation Watch: Zappos Security Breach Tests Internet Giant - 16 comments
- Facebook's Real Problem in Just 44 Words - 14 comments
- Revenue Starts to Figure Into Social Media ROI - 11 comments
- Marketers To Invest in Blogs in 2012 - 10 comments
- Will 2012 Become the Year of Mobile SEO? - 9 comments
- 5 Marketing Tips from the Social Commerce Summit - 9 comments
- Is Google a Public Company or Part of the Public Domain? - 8 comments
- Blogging Declines in Inc. 500 Survey - 8 comments
Eric Says:
February 15th, 2007 at 3:58 pm
Does anyone know how much they received in their first round of funding? How many employees do they currently have? I’d hate to be the man/woman turning down $30 mill. and returning $0 to my investors! I can feel the tension all the way in Ohio!
Liz Namrevo Says:
September 10th, 2008 at 1:40 pm
Digg is a mystery to me… I use it but only for marketing. It is hard to beleive that people actually use this for fun. $150 million sounds decent to me and actually cheap when you think of what myspace went for a few years ago.
Luis Boaventura Says:
January 29th, 2009 at 4:47 pm
Great post i liked very much
Kimberly Spencer Says:
February 4th, 2009 at 1:12 am
That’s a wonderful blog entry, thanks for sharing. We just started a blog ourselves and I’m a complete newbie at this so kudos for such a good job on your blog! Good read by the way, thanks again for your efforts, I very much appreciated reading your thoughts.
Kimberly Spencer’s last blog post..Welcome to PetProductsDelivered.com Blog!