Posted 07/24/08 at 07:57:04 AM by Chris Moody
It looks like Google may be in final negotiations to acquire Digg for somewhere in the $200 million range. TechCrunch.com reports that negotiations that have been on and off again, have been moving along for the last six weeks. A letter of intent has been signed and a deal is close that will bring Digg under Google News.
As close as a deal is with Google, it could still not come to fruition. Microsoft has previously expressed interest in Digg and I wouldn’t be surprised to see a pending Google deal to stir Microsoft’s interest in Digg again. It seems most of Digg’s revenue comes from a three year ad deal with Microsoft.
The big fish are gobbling up the little fish, but will Microsoft want a nibble too?
© 2009 Future US, Inc. All Rights Reserved.
Links:
[1] http://www.maximumpc.com/user/haipyng
[2] http://www.techcrunch.com/2008/07/22/google-in-final-negotiations-to-acquire-digg-for-around-200-million/
[3] http://www.maximumpc.com/article/news/microsoftyahoo_deal_champion_carl_icahn_turns_blogger
[4] http://www.maximumpc.com/article/daily_news_brief_microsoft_offers_44_6_billion_for_yahoo
[5] http://www.maximumpc.com/article/news/google_gains_more_search_engine_market
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