Yahoo buying Digg?

Post ImageYahoo keeps going further and further down the acquisition path lately – or at least generating rumors that they are. The newest rumor is that they are set to purchase Digg.com for nearly $30 million. Since the rumor first appeared there have been a number of updates that dispute such an acquisition, but it’s interesting to consider nonetheless. From Kevin Burton’s Feed Blog:

Update 2: The Digg blog officially denies the acquisition. Jeremy was smart enough to have “no comment“… Next time there’s a Digg acquisition rumor you’ll know you’re on to something 🙂

I wouldn’t be surprised if it turns out to be true. Digg would be an excellent addition to the growing stable of apps under the Yahoo umbrella, including del.icio.us and Flickr among others. The other factor to consider in this rumor, which Kevin does a good job of pointing out, is that Digg has insane amounts of traffic, and is going to need either more investment or a suitor with lots of resources to keep pace.

Read: Kevin Burton

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s