Google In Final Negotiations To Acquire Digg

This is a little old but Techcrunch posted some information about how google is in final negoiations to buy digg for a megar 200 million.

Personally I don't think it will happen for 200 million but I suspsect that if the deal does go thru it will be at the cost of strong arm tacticts and purposful blacklisting of all digg related material from the google network.  We all know that google is an excellent resource but if you cross the search engine giant they can pretty much erase you from the internet map.

Lets hope that doesn't happen to us.

Google’s on and off negotiations with Digg have been back on in a big way for the last six weeks, we’ve heard from multiple sources inside and outside of Google. The two companies have reportedly signed a letter of intent and are close to a deal that will bring Digg under the Google News property. The acquisition price is in the $200 million range, says one source.

Still have to admit 11 million in funding plus advertisement deals becoming 200 million overnight is a pretty big payday.  Makes you wonder, would Kevin keep all he could? (after paying investors) or dish some out to the other execs in the company? 

Related Web URL: http://www.techcrunch.com/2008/07/22/google-in-fin...