guardian: marketingland: Buried: Digg Bought By Betaworks For A Fraction Of Its Former Value MORE: Our technology editor Charles Arthur writes: Digg, the “social news” site which was once the poster child for Web 2.0 and valued at up to $175m, has been sold to New York technology development company Betaworks for just $500,000 (£324,000) in cash plus equity.
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guardian:

marketingland:

Buried: Digg Bought By Betaworks For A Fraction Of Its Former Value

MORE: Our technology editor Charles Arthur writes:

Digg, the “social news” site which was once the poster child for Web 2.0 and valued at up to $175m, has been sold to New York technology development company Betaworks for just $500,000 (£324,000) in cash plus equity.

Source: marketingland.com