The term sheet was signed and final negotiations were underway, but some due diligence cause Google to walk away from its deal to buy Digg, reports TechCrunch. Thus ends another round of rumors that the social news voting site is being bought.
On Digg, users have the option to “bury” a story... (Read more)
Reprinted with permission from VentureBeat. Story copyright 2008 VentureBeat Inc. All rights reserved.
Comments
Personally, I think Techcrunch credibility has just drop a notch or two. I suspect the "rise-from-the-death" Google/Digg deal rumor was a ploy to nudge Newscorp towards acquiring it (showing how a simple blog can trigger significant coverage) but smart Murdoch didn't take the bate. Sorry Mr. Arrington, you have just devalued Techcrunch with this trick (IMHO).
Post new comment