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Google to Buy Digg

added by Michael on 23 Jul 2008

The Earth Times reports that Google has signed a letter of intent to buy Digg, the social networking news site started by Kevin Rose in 2004.

San Francisco - Internet search leader Google has signed a letter of intent with Digg to purchase the social news site for around 200 million dollars, the influential technology blog TechCrunch reported Tuesday. The report said the deal would be finalized within two weeks and that Digg would continue to operate as part of the Google News operation, which already runs one of the most popular news sites on the web.