News.me owner Betaworks to acquire Digg

The news-sharing website Digg will be acquired by technology investment firm Betaworks, according to blog posts put out by both companies. Betaworks paid just $500,000 for the social media pioneer that once secured $45 million in financial backing, according to a Wall Street Journal report. The companies did not disclose the purchase price.

Source: http://www.infoworld.com/d/the-industry-standard/newsme-owner-betaworks-acquire-digg-197688

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