Google Abandons Digg Deal

Susan Hall

After signing a letter of intent to buy Digg last week, Google walked away from the deal, reports TechCrunch.

 

The story says the two companies were in final negotiations in the $200 million range, with Google peering into Digg's technology and financial statements in the due diligence stage of the deal.

 

It cites two unnamed sources with two different stories: One said Google found something in due diligence it didn't like; the other said it was a personality mismatch among management.



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