7526 0 3 econsultancy_xml <p>News Corp. was said to be the first to open acquisition discussions after learning that Digg was due to close a second round of funding from investors Greylock Partners this year.<br /><br />Talks were later widened to other potential parents, though no offers were made as Digg was holding out for a minimum of $150m. <br /><br />It is not the first time the technology news site, which lets users give thumbs up to favourite news stories and is leading the vanguard in user-organised content, has been the subject of acquisition rumours. In January, buzz had reached fever pitch that <a href="http://www.feedblog.org/2006/01/yahoo_will_buy_.html">Yahoo! would claim the start-up</a> for $30m, but the speculation was <a href="http://diggtheblog.blogspot.com/2006/01/digg-yahoo.html">denied</a> and later came to nothing.<br /><br />Greylock was last year part of a consortium that invested $2.8m in the company. Kevin Rose has repeatedly stated Digg still has lots of growing to do, while CEO Adelson has previously said Rose is brimming with ideas for the site.</p> <p>TechCrunch of course was first to publish the 'Google to buy YouTube' rumour...</p> <FormattedContent xmlns="http://www.e-consultancy.com/schema/formattedContent/"> <Paragraph>News Corp. was said to be the first to open acquisition discussions after learning that Digg was due to close a second round of funding from investors Greylock Partners this year.<LineBreak /><LineBreak />Talks were later widened to other potential parents, though no offers were made as Digg was holding out for a minimum of $150m. <LineBreak /><LineBreak />It is not the first time the technology news site, which lets users give thumbs up to favourite news stories and is leading the vanguard in user-organised content, has been the subject of acquisition rumours. In January, buzz had reached fever pitch that <Link URL="http://www.feedblog.org/2006/01/yahoo_will_buy_.html" Window="New">Yahoo! would claim the start-up</Link> for $30m, but the speculation was <Link URL="http://diggtheblog.blogspot.com/2006/01/digg-yahoo.html" Window="New">denied</Link> and later came to nothing.<LineBreak /><LineBreak />Greylock was last year part of a consortium that invested $2.8m in the company. Kevin Rose has repeatedly stated Digg still has lots of growing to do, while CEO Adelson has previously said Rose is brimming with ideas for the site.</Paragraph> <Paragraph>TechCrunch of course was first to publish the 'Google to buy YouTube' rumour...</Paragraph> </FormattedContent> 2006-10-25T09:48:00+01:00 0 1 econsultancy_xml <p> <strong> <a href="http://www.digg.com"> <img alt="Digg turns down Murdoch?" src="http://e-consultancy.lemonfoundation.com/logos/digg-logo.gif" /> </a>Social news bookmarking web start-up Digg has reportedly been in acquisition talks with several suitors - but instead opted to continue operating independently for now.<br /><br /></strong>The San Francisco-based site, started by former TechTV host Kevin Rose and cohort Jay Adelson, has been talking with <em>"a number of companies, including News Corp., according to multiple sources close to the negotiations"</em>, <a href="http://www.techcrunch.com/2006/10/24/digg-does-the-acquisition-dance-with-news-corp/">TechCrunch reports</a>.</p> <FormattedContent xmlns="http://www.e-consultancy.com/schema/formattedContent/"> <Paragraph> <Emphasis> <Link URL="http://www.digg.com" Window="New"> <Image Align="Right" AlternateText="Digg turns down Murdoch?" Source="http://e-consultancy.lemonfoundation.com/logos/digg-logo.gif"> </Image> </Link>Social news bookmarking web start-up Digg has reportedly been in acquisition talks with several suitors - but instead opted to continue operating independently for now.<LineBreak /><LineBreak /></Emphasis>The San Francisco-based site, started by former TechTV host Kevin Rose and cohort Jay Adelson, has been talking with <Quote>"a number of companies, including News Corp., according to multiple sources close to the negotiations"</Quote>, <Link URL="http://www.techcrunch.com/2006/10/24/digg-does-the-acquisition-dance-with-news-corp/" Window="New">TechCrunch reports</Link>.</Paragraph> </FormattedContent> false 415 <p>For background on online PR and social media more generally, It's worth reading our (free to registered users) <strong><a href="http://econsultancy.com/reports/online-pr-and-social-media-trends-briefing">Social Media Trends Briefing</a></strong> (June 2009). Econsultancy has also published <strong><a href="http://econsultancy.com/reports/social-media-and-online-pr-digital-marketing-template-files">Social Media and Online PR Template Files</a></strong>, which you can adapt and use for your own projects. For innovation in this space, download our <strong><a href="http://econsultancy.com/reports/innovation-report">Innovation Report</a></strong>.</p> <p>For background on online PR and social media more generally, It's worth reading our (free to registered users) <strong><a href="http://econsultancy.com/reports/online-pr-and-social-media-trends-briefing">Social Media Trends Briefing</a></strong> (June 2009). Econsultancy has also published <strong><a href="http://econsultancy.com/reports/social-media-and-online-pr-digital-marketing-template-files">Social Media and Online PR Template Files</a></strong>, which you can adapt and use for your own projects. For innovation in this space, download our <strong><a href="http://econsultancy.com/reports/innovation-report">Innovation Report</a></strong>.</p> 361958 Digg "turns down" Murdoch's takeover offer false 2006-10-25T10:50:00+01:00 digg-turns-down-murdoch-s-takeover-offer 2009-04-29T23:26:57+01:00 2009-10-13T08:40:48+01:00 467