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 $30 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.
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!