Digg sells to Betaworks for the fire sale price of... $500K (analysis)

Reblogged from VentureBeat:

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Community news sharing site Digg has been acquired by Betaworks, Digg CEO Matt Williams announced today in a company blog post.

Ordinarily, this would be a good thing, especially since the company has been making a serious attempt to sell itself for the last six months or so. However, the Wall Street Journal is reporting that the sale price was a measly $500,000 -- ridiculously lower than the…

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