Are you Ready? for this transaction. As soon as the news came out that, Social news site Digg has been working with an investment bank to sell its site to a big company, the rumor that Microsoft and Google are interested in buying Digg, has spread like a wild fire.
News is even spreading very fast that "Google will likely bid $200-$225 million, which Digg would likely accept.” If the rumors are true, and if Google indeed ends up acquiring Digg, it would be another odd buy, because Google would again buy users instead of technology.
An update from Digg, denies the rumor of a bidding war between Google and Microsoft, or at least, says that the rumors are “completely inaccurate” and that the “drama theories” are not true.
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