Report: Digg Wants To Sell For $300 Million (Or More)

It’s now basically public information that social news site Digg is shopping itself. VentureBeat cites a “reliable source” in saying the company has hired private investment firm Allen & Company to sell Digg. However, the site has apparently been on the block for many months (or longer). TechCrunch has a history of the sale rumors.

With the massive $15 billion Facebook valuation and overheated predictions of ad spending on social media sites, Digg management and investors are apparently looking to get out sooner rather than later — and preempt the market for acquisitions (at inflated prices) drying up or the U.S. economy heading into recession.

Someone will likely acquire the site and its community of loyal users. The question is can Digg fetch its desired, lofty price tag?

Microsoft is Digg’s ad serving provider.

Related Topics: Channel: Social | Search Engines: Digg | Social Media Marketing


About The Author: is a Contributing Editor at Search Engine Land. He writes a personal blog Screenwerk, about SoLoMo issues and connecting the dots between online and offline. He also posts at Internet2Go, which is focused on the mobile Internet. Follow him @gsterling.

Connect with the author via: Email | Twitter | Google+ | LinkedIn


Get all the top search stories emailed daily!  


Other ways to share:

Read before commenting! We welcome constructive comments and allow any that meet our common sense criteria. This means being respectful and polite to others. It means providing helpful information that contributes to a story or discussion. It means leaving links only that substantially add further to a discussion. Comments using foul language, being disrespectful to others or otherwise violating what we believe are common sense standards of discussion will be deleted. Comments may also be removed if they are posted from anonymous accounts. You can read more about our comments policy here.

Comments are closed.

Get Our News, Everywhere!

Daily Email:

Follow Search Engine Land on Twitter @sengineland Like Search Engine Land on Facebook Follow Search Engine Land on Google+ Get the Search Engine Land Feed Connect with Search Engine Land on LinkedIn Check out our Tumblr! See us on Pinterest


Click to watch SMX conference video

Join us at one of our SMX or MarTech events:

United States


Australia & China

Learn more about: SMX | MarTech

Free Daily Search News Recap!

SearchCap is a once-per-day newsletter update - sign up below and get the news delivered to you!



Search Engine Land Periodic Table of SEO Success Factors

Get Your Copy
Read The Full SEO Guide