Company Betaworks has just confirmed with the Wall Street Journal complete business acquisition news sharing site Digg. The value of the affair has not been announced, but probably greater than 500,000 USD.
Newspaper Wall Street lead source close said the price paid for Digg only Betaworks fallen 500,000 USD-lower than the figure of 200 million is said to Google each welcome buy Islamic 2006 (but later withdrew the offer).
However, Matt Williams – CEO of Digg replied on AllThingsD says the price of the affair significantly higher than 500,000 USD, which includes both cash and stock, but he did not give the exact number.
Founded in 2004 by Kevin Rose, Digg is a start-up company in the Internet, with the brightest models share link gets a lot of Website "Clones" again. Digg is investing a total of up to $ 45 million.
Song wave of redesign worse August/2010 making Digg gradually losing large amount of users. Digg is estimated to range from 4.5 to attract 7 million viewers every month.
After continuous downhill, Digg founder Kevin Rose has left the company late in March 2011. In may, the technical group of Digg also moved on to The Washington Post.
Business acquisition included Website, technology, trademarks of Digg, but does not include the personnel left.
Wall Street Journal also said the planned move to Betaworks Digg operated page News. its me.
Betaworks is venture capital company in the field of interactive real time. The present value of estimated on Betaworks about 5-10 million.
By ICTPress
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