diTii.com Digital News Hub

Sign up with your email address to be the first to know about latest news and more.

I agree to have my personal information transfered to MailChimp (more information)

Dec192007

Digg.com valued $300 Million

Digg.com, the most popular social media sites on the net with millions of visitors per month and one of the largest user-generated content sites is up for sale with a price tag of $300 million.

Venture Beat reports:

A reliable source just confirmed the company’s 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.

We asked Digg founder Kevin Rose about a potential sale, and Allen & Company’s involvement. He told us, unsurprisingly, that “we never comment on things related to acquisitions.”

 

Share This Story, Choose Your Platform!

Do NOT follow this link or you will be banned from the site!