March 7, 2008
Digg for Sale at $225 Million : Google & Microsoft Entering Bidding War
Michael Arrington loves to get scoops, even when those scoops (er, rumors) don’t actually turn out to become reality, but with ValleyWag breathing down your back, I can’t really blame him.
Enter the latest Digg acquistion rumor. to hit the front page of TechCrunch (which now means every single blog in the world will report on it), Digg is seriously shopping itself to Google and Microsoft.
Could this be the Yahoo Buzz effect? Possibly.
Michael says that a very reputable source has informed him that Digg has been valuated at somewhere between $200 and $225 million (down from what they were worth last year).
Google and Microsoft are both apparently making moves to purchase the social tech and news community, and Arrington believes that the end result may be a bidding war between the two companies.
