The day started with a major news coming from the famous social news wesbite, Digg which has been sold to Betaworks for $500,000 as confirmed by our sources, and that the deal has been closed now. Though, we already had some hints about it when Betaworks announced on Monday, that they were going to take over the famous social news reader Digg for a price slightly more than $500,000. A website which made its way through the competition over the last seven years was a success and is now owned by Betaworks which also owns a lot of IT firms in the US.
This is definitely a step ahead for the famous social news website, and its CEO Matt Williams was seen stating the following!
We couldn’t be happier to announce that the next generation of Digg will live on with the team from Betaworks. Betaworks is combining Digg with News.me, a Betaworks company with an iPad app, iPhone app and daily email that delivers the best stories shared by your friends on Facebook and Twitter. Digg will join a portfolio of products developed by Betaworks designed to improve the way people find and talk about the news. Betaworks founder John Borthwick will be the CEO of the new Digg.
Further, it is being said that the famous Digg will now be integrated with news.me, which also performs the same function as a social news reader and promoter. Digg has seen a sure shot success in the past, however it couldn’t maintain stability in its position after it got redesigned, and lost the top position. Another setback was when its CEO Kevin Rose left the company for his own start-up. On the other hand, Betaworks already has something interesting lined up for Digg in the coming future
We are turning Digg back into a startup. Low budget, small team, fast cycles.
How? We have spent the last 18 months building News.me as a mobile-first social news experience. The News.me team will take Digg back to its essence: the best place to find, read and share the stories the internet is talking about. Right now.
We are going to build Digg for 2012. More to come…
The official price is being quoted as $500,000 however, the actual price is slightly more than that, as confirmed by our sources. Well, in the race of who’s better than who, it seems like the big fish always eats up the smaller one. While we are happy with Digg’s promotion, we are not sure if we can adapt to the fact that Digg will remain no more, individually! Let us know your views via the comments section below. For more, keep subscribed!