According to Tech crunch, Digg is on the market for 300 million. Do you guys think Digg will sell or no? What will the new owners have in store?
A lot of people have the funds to buy it question is is it worth it? I mean to them not in a general way. Shawn
I agree 300 million dollars aren't that hard to find between private equity firms, companies and such. Its just really hard to justify the price based on a company that has no revenue.
i bet google will look into it. they seem to like to buy companies. well they seem to like to buy the small ones (becides youtube), maybe this one is too big for them.
If someone buys it based on revenue, no. If someone buys it to add the mix, maybe. If someone buys it just because they like it, probably and if someone buys it to keep it out of someone else's hands, then yup. Is it worth $300MM, probably not by most benchmarks but I've seen better deals, I've seen worse. Ultimately think he should have sold at his peak but that will be for history to decide.
300 mill just doesn't seem like that much with sites like facebook selling for 18 billion.. it would be quite a sale though.
Consider a) the only reason they would have come out publicly like this is that they were unable to find a buy which goes into b) they have been trying to sell for some time now which goes into c) they already past their peak which is a bad time to sell.
am sure google will jump on this one too, but then the $300m can't be justified!! why would someone buy a site which can't make the profits and get the $300m back in months or years!!