Google refused to buy Digg

At the last moment, Google stopped negotiations with the owners of the UGC news site Digg. Earlier it was reported that the negotiations were close to completion: the parties had already signed an agreement of intent and seemed to have negotiated the transaction amount: $ 200 million. After that, Google experts got full access to the Digg engine and detailed financial documentation to study the latest details - the transaction was almost completed. However, at the last moment Google for some reason went back down. Among the possible reasons are called "technological incompatibility" and some "personal motives", which allegedly cleared up "after a more intimate communication with the leadership of Digg" (Kevin Rose and Jay Adelson are depicted in the photo).

All information about this case as before, and now spreads exclusively through anonymous sources Michael Arrington, the owner of the blog TechCrunch . There are no official comments, but there is no reason not to trust Arrington.

They say that a kind of curse hangs over this project: it is not the first time the guys seem to have agreed on a deal that turns them into multimillionaires - and again everything breaks down at the last moment. Digg sales information has been circulating since 2006 . However, there is still no deal, although the estimated market value of Digg has grown all the time ($ 30 million at the beginning of 2006; $ 100 million at the end of 2006; $ 200-300 million by the end of 2007).