Digg for Sale - Google and Microsoft up for a fight
March 8, 2008 by colbert low
Filed under Announcements
OK, this is the hottest news this week. Is DIGG really up for sale ? Digg was founded in late 2004 and has raised $11.3 million in funding. Kevin Rose is one lucky dude and I recently read about his Diggnation tour in UK. Digg also earned $250,000 per month in Google Adsense revenue back in 2006 and I am sure it’s increased.
If its true, then good for them. I bet they will be sold for USD $ 208 million, considering its 2008, ha! What do you think ?
Digg is prepared to take less than the $300 million Allen & Co. were floating late last year. Google, our source says, will likely bid $200-$225 million, which Digg would likely accept.
Microsoft is looking at a somewhat lower price. That makes sense, since most of Digg’s revenue today comes from a three year advertising deal that Digg signed with Microsoft last year. That deal has revenue guarantees - and Microsoft may be hesitant to value Digg based on revenue that they supply.
Creator of Bebo has just sold for millions of dollars and still keep their role of developing Bebo. Digg is selling as well now. When will it be my turn to create something which can be sold off for millions?