Wall Street Journal :: Digg, a social-media pioneer once valued at more than $160 million, is selling for the deeply discounted price of about $500,000, three people familiar with the matter said. The buyer is New York technology development firm Betaworks, which is attempting to revive a news-sharing site that was outmaneuvered by Facebook Inc. The buyer is New York technology development firm Betaworks, which is attempting to revive a news-sharing site that was outmaneuvered by Facebook and Twitter.
Continue to read Josehp Walker | Spencer E. Ante, online.wsj.com
Bits, New York Times has a few more details about what's next for Digg:
Bits | New York Time :: The new unit will combine the Digg assets and News.me, and John Borthwick, the founder of Betaworks, will become chief executive of Digg. Betaworks plans to create a new version of Digg that will be a complement to News.me’s iPhone and iPad applications.
Continue to read Jenna Wortham, bits.blogs.nytimes.com
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