Tuesday, December 18th, 2007 by Andy Beal

12

Digg Selling for $300 Million?

Rumors have surfaced again that Digg is looking to find a buyer. This time credibility to the reports is added in the form of news that Digg has retained the services of a private investment bank.

As VentureBeat reports…

A reliable source just confirmed the company8217s plans, noting the company has hired Allen & Company, a tiny but influential private investment firm, to help broker a deal. The asking price is still $300 million, the source said.

This will come as no surprise. Rumors of a sale have been rampant for months, although until now we hear co-founder Jay Adelson has been trying to muster up interest in a sale. This is the first time Digg has hired a bank to shop the deal, we8217re told.

As you would expect, Digg founder Kevin Rose is not commenting either way.


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12 comments on “Digg Selling for $300 Million?”

  1. ImNiche Says:

    December 18th, 2007 at 12:50 pm

    Who is buying? Google? That would be my guess.

  2. Nadim Says:

    December 18th, 2007 at 2:14 pm

    Well that’s good if digg has to gather $300 million but… thinking is it worth $300 million?

  3. Stephanie Says:

    December 18th, 2007 at 3:38 pm

    I think it was Shoemoney who said that comes out tot 77 dollars per user.

    Now considering there has to be at least 25% of flaky accounts or dupes maybe more.

    I think it could be worth the price, but not sure.

  4. Deep Jive Interests » Newsflash: People Are Using IM’s To Game Digg! (Wait — Is This 2006?) Says:

    December 18th, 2007 at 11:55 pm

    [...] If you doubt the latter (in a larger sense), I’d respectfully point you to the $300M evaluation Digg is looking to cash out for. [...]

  5. zero.gr » Rumors για πώληση του Digg! Says:

    December 19th, 2007 at 8:07 am

    [...] κάποιες φήμες για την πώληση του digg-όχι κάτι πρωτάκουστο βέβαια! Το www αναπτύσσεται με [...]

  6. best jobs 4U Says:

    December 19th, 2007 at 9:32 am

    Digg worths more than 300M.
    If google and microsoft start fighting to acquire digg then it’s price will be at least one billion.

  7. Best Damn Tech Show, Period. » Blog Archive » Geeks of the MidWeek Says:

    December 19th, 2007 at 1:09 pm

    [...] Digg says “Gimme dat money!” - Digg’s up for sale, Digg’s not up for sale, Digg’s up for sale, Digg’s not up for sale, Digg’s up for sale, Kevin Rose drinks a lot.  End of fucking story.  Next! [...]

  8. targetseo.com Says:

    December 19th, 2007 at 11:43 pm

    300mil is worth for digg.com, see dnscoop price tool says.

    The estimated value of http://www.digg.com is: $431,452,000

    This value is calculated based on several factors shown above, including: Links, Traffic (Alexa), age of the domain, site category, domain keyword popularity, and overall occurrences of the domain name on the web.

  9. grant Says:

    December 20th, 2007 at 5:25 pm

    Microsoft or Yahoo would b a good guess at who would buy it. I think Microsoft probably profited quite a bit from promoting/selling Zunes and Gears of War xbox 360 games etc. Pretty good soap box for that kind of thing.

  10. Internet Advertising NZ Says:

    December 20th, 2007 at 5:27 pm

    If it sells for $300m then maybe Kevin can trade in the ol VW.

  11. Wooden Pete Says:

    January 6th, 2008 at 12:15 pm

    If Kev likes a drink, he’ll be able to drink himself to death with $300m. Still you’ve gotta take you hat off to him. How many of us here have got $300m in the bank?

  12. Amaan Goyal Says:

    June 18th, 2008 at 3:32 am

    If google and microsoft start fighting to acquire digg then it’s price will be worth much more than currently estimated.Whoever buys it will have to digg deep into their pockets thats for sure.