Yahoo! buying Digg?

Yahoo! buying Digg?

Kevin Burton’s Feed Blog posts a rumor that Yahoo! will be acquiring the popular community news and social bookmarking site, Digg.com.

I’ve now heard from two sources close to Yahoo which tell me that Yahoo is going to be buying Digg for nearly $30M. I haven’t yet heard from anyone working for Yahoo that this is 100% (they obviously had ‘no comment’) but I’d be surprised if we didn’t hear an announcement by early next week.

Yahoo’s on a buying spree for anything cool and Web 2.0 (Del.icio.us, Konfabulator, Flickr). Kevin Rose says it’s just a rumor.

Getting $30PHP 1,761INR 2,542EUR 29CNY 218 Million from an 18-month old experimental project is way cool.

Btw, I got 2 Newsvine invites (thanks to Jolo and Manuel). Anybody else wants one? Really nice interface and I heard they’re also doing profit sharing with bloggers.

Abe Olandres

Abe is the founder and Editor-in-Chief of YugaTech with over 20 years of experience in the technology industry. He is one of the pioneers of blogging in the country and considered by many as the Father of Tech Blogging in the Philippines. He is also a technology consultant, a tech columnist with several national publications, resource speaker and mentor/advisor to several start-up companies.

https://www.yugatech.com

7 Comments

Fleeb says:

19 years ago

What’s Newsvine? Is it also a community site of sorts?
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Jaypee says:

19 years ago

yeah, what is Newsvine? can i have one of those invites? thanks! :)
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the english guy says:

19 years ago

Yeah I’d be interested in a Newsvine invite. I visited their site the other day, was a bit disappointed it was invite only!
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Abe Olandres says:

19 years ago

Newsvine = Digg + del.icio.us

Invites have been sent! ;)
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Jaypee says:

19 years ago

got the invite. thanks! :D
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Fleeb says:

19 years ago

Thanks for the invite. I’ll try that one.
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jobert says:

19 years ago

As a regular listener to TWIT and also of Screensavers and Call for Help, Kevin Rose is a familiar face. A couple of weeks ago, he already got a substantial investment for Digg. It be cool to find out his project is really taking off.

Editorial content dictated by the readers used to be far fetched but with Slahdot, Fark, and Digg, it’s slowly emerging as a real profitable web model.

Oh and Newsvine? Still have one left to send over for me? Thanks a mighty!
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