TITLE

Digg Links Up $28.7M, Kills Google-Microsoft Rumors

AUTHOR(S)
Sadighi, Lalee
PUB. DATE
September 2008
SOURCE
Red Herring;9/24/2008, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Digg.com has successfully raised $28.7 million in a third round of funding deal. Highland Capital Partners served as led investor in the deal, along with Greylock Partners, Omidyar Network and SVB Capita. There are rumors surrounding Digg.com that it was a potential acquisition target of search king Google and Microsoft. Co-founder Kevin Rose says the advertising deal with Microsoft gave then an advertising partner with a larger organization and a more scalable technology platform to keep pace with their growth.
ACCESSION #
36632235

 

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