Google To Acquire Digg for “around 2 million dollars”

Multiple sources at Google are reported that Google is in final neogotiations to acquire Digg for 2 Million Dollars (That’s not a typo, 2,000,000 buckeroos). It would become a part of the Google News service (which grabs stories from news sources, rather than user submissions, like Digg). However, it could take a few weeks before it closes. Digg’s revenue comes from a ad deal from Microsoft that lasts about 3 years, but that would probably be terminated in favor of AdSense (Google’s ads).

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Digg.com is a website created by entrepreneur Kevin Rose (who also founded Pownce and Revision3, which hosts popular shows like Diggnation, Tekzilla, etc.). It’s a news website where users vote (or “Digg”) on user submitted news stories, interesting articles, videos, and photos to decide which stories make it to the front page. Digg’s raised $11.3 million in venture capital. It’s current CEO is Jay Adelson.

NOTE: I’m on Digg, if you guys want to see what I’m doing: http://digg.com/users/alex66nintendo

Google.com is the search engine everybody knows and loves. In addition to search, Google has a growing online ad business, and a growing list of multiple tools and services (Gmail, Google News, YouTube, Google Maps, etc.). It’s current CEO is Eric Schmidt.