Social news site Digg has finally been purchased, in a deal that puts it under the ownership of New York-based Betaworks.
The deal, which was announced on Digg's company blog this afternoon, will put Digg's technology inside of News.me, a daily news e-mail digest.
"Digg will join a portfolio of products developed by Betaworks designed to improve the way people find and talk about the news," Digg's former CEO Matt Williams said in a statement, adding that Betaworks founder John Borthwick will now be Digg's chief executive.
Details of the deal were not disclosed, though citing sources The Wall Street Journal says Betaworks paid around $500,000.
Related posts
- Digg founder Kevin Rose new Google Ventures partner
- Digg engineers heading to Washington Post's SocialCode
- Digg rumored to be in buyout talks with the Washington Post
Digg rose to fame shortly after its launch in 2004. The site garnered attention primarily for its algorithm, which would analyze user vo... [Read more]
No comments:
Post a Comment