DIGG is on for sell / Google to buy DIGG.com
Google has offered DIGG.com a offer of USD 200 million to buy the company and hopes to close the deal in next 2 weeks.
Interesting read is that, DIGG is in a 3 years contract with Microsoft for web advertisement which Google is suppose to terminate after the purchase.
Comparison to Microsoft and Yahoo, Google never have developed any services similar to DIGG so far and with this purchase, Google is hoping to enhance their own new service, Google News. However the news web service, DIGG.com, ranked in top 10 Web sites will continue to operate in contrast to Google News even after the purchase !!
Source -> NDTV.com
