Wednesday, October 25, 2006

Digg 4 Sale

Google just acquired the largest video haven YouTube recently. Another online company is getting ready for acquisition before the end of 2006. Digg has been in talks about acquisition with several companies, News Corp is just one of them. Rumors say negotiations have not been able to settle on a number higher then $150M so Digg may instead go into a second round of financing with it's backers. Controversy is partly based on Diggs claim of 20 million unique monthly visitors and a high rate of growth, whereas the data from Comscore shows only 1.3M uniques and flat growth since April. According to Alexa Digg is ranked as the 89th most visited site on the web. We all know YouTube was recently acquired by Google for $1.5B but they are ranked the number 9 site on the web.

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