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13 jul 2012

Digg was sold in three different parts

Digg sold to LinkedIn, The Washington Post and Betaworks.  The social news site Digg has been speculated to be sold at $ 500 thousand, but that is specific and accurate in its remaining assets to Betaworks. While the number is actually, according to another rumor that was heard in the ballpark, the editors were TechCruch is that the total purchase price of Digg was around $ 16 million, including the price paid for IP, an acquirer previously unreported, LinkedIn. 

This pointed to a nearby spring, the Washington Post that ended up paying $ 12 million for the Digg team. And almost at the same time, the race of the LinkedIn social network paid $ 3.75 million and $4 million for 15 different patents including the patent Digg "click a button to rate a story".  Betaworks collected all remaining assets today, including the domain, code, and all traffic data for between $500,000 and $ 725k.  Borthwick and co. will license patents and LinkedIn need to run when it decides to do with those assets. Before the acquisition, the social news Digg had raised $ 45 million in funding from Greylock Partners, Marc Andreessen, founder of LinkedIn, Reid Hoffman and other notables of the Valley. 

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