For Sale: Used Social Voting Site, Asking Price $300 Million, Goes By The Name Of Digg
Investment bank Allen & Company has been involved in a number of high profile acquisitions and mergers previously, including Seagram and Universal Studios, Hasbro and Galoob Toys, and Disney and Capital Cities/ABC. An interesting tidbit on the company: it apparently doesn’t like publicity to the point that it doesn’t even maintain a website.
The obvious question is will Digg sell with a $300 million valuation given that it has been on the market (quietly) for months with no interest to date?
If anybody has a spare $300 million and would like to buy Digg, Allen & Company’s contact details can be found here.