Sphinn - Digg hires bank, hoping to sell for $300 million or more

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Sphinn It!

Digg hires bank, hoping to sell for $300 million or more

Went Hot: December 19, 2007 - 6:23 am
Posted By: Wingnut 565 days ago
Topic Type: News Story (Jump to http://venturebeat.com)
Category: Bookmarking

If you have some deep pockets and want to buy a slightly used social bookmarking site - Digg is up for sale.

7 Comments

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Comments

from BartTheBear 565 days ago #

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My feelings on this? If the management changes, it is usually time to find another job. If the Digg ownership/management changes, then it is time to find another social media home.

from Wingnut 565 days ago #

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Feels like rats leaving a sinking ship to me :P

from sphinndr 565 days ago #

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@Wingnut...It is very possible this is the case and I am leaning in that direction as well...but...This is now the new American Dream, build an Internet company gain success as quickly as possible and then sell or make an IPO and then sell...Then we can bring in the sinking ship theory.

from Gab 564 days ago #

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Check out Tamar's critique of the management. http://www.techipedia.com/2007/diggs-kevin-rose/

from SlightlyShadySEO 564 days ago #

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Aw Hell. I need to start getting more than $1.25 per click if I want to pick this up.

from tamar 564 days ago #

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Gab, yeah, I must say that while I've given them a thumbs up lately, they recently banned 2 innocent users and are not concerned about answering inquiries. I may have to revert to my critical side.

from Gab 564 days ago #

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I like that side :). On a related note, you have any idea who wrote the item on 7 ways Geeks mismanage their money? The blog has no comments (they're off) and 0 diggs on all its other material, but that item was obviously well done by a top SMM. Last I saw it had 162 Diggs.