Jul 13 2012, 3:39am CDT | by Luigi Lugmayr
Social bookmarking site digg.com got bought by Betaworks. Betaworks is known mostly for the URL shortening service bit.ly. An early report on the WSJ said that the price was only $500,000. This sounds really very low. TechCrunch reports that the price was higher, but has not been officially announced. That is not all as the assets of digg got split. LinkedIn bought a couple patents fro about $4 million and The Washing Post bought the team for $12 million says another report on TechCrunch.
Source: Mac World
Source: The Business Insider
Luigi Lugmayr (Google) is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at firstname.lastname@example.org.
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