It seems like every other month rumors of Digg either being acquired or being shopped come up (see our November summary here). VentureBeat has word that Digg is getting serious about a sale and has hired Allen & Company to shop the site for $300 million.
Investment bank Allen & Company has been involved in a number of high profile acquisitions and mergers previously, including Seagram and Universal Studios, Hasbro and Galoob Toys, and Disney and Capital Cities/ABC. An interesting tidbit on the company: it apparently doesn?t like publicity to the point that it doesn?t even maintain a website.
The obvious question is will Digg sell with a $300 million valuation given that it has been on the market (quietly) for months with no interest to date?
If anybody has a spare $300 million and would like to buy Digg, Allen & Company?s contact details can be found here.
http://www.techcrunch.com/2007/12/17...-name-of-digg/