Digg is on the market for 300 million.
 

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/

300 million if they get it god bless them.

Damn.... how much Adsense is in that?

digg.google.com

that's be funny.

Dear God. I sure hope the prospective new owners don't fuck it all up. That site is my own personal internet crack cocaine. :upsidedow

A sale to newscorp and I'm off to reddit.

I lol'd @ your sig, darnit :D

ron paul is the man

Thanks :winkwink:

:Oh crap

bubble 2.0 :thumbsup

299 milion - last offer.

Dont make me beg........

Ok, transfer to my ePassporte.

Digg is yours, sale ended, thread closed.

google should buy it

its because the site is loosing hype and its going down hill. Trying to jump ship.

they're facing more competition and they've peaked.... 300M would just not be a smart buy. I see it going downhill a bit no matter what