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A comment on Betaworks has acquired the core assets of Digg. Parent comment

Re:Betaworks has acquired the core assets of Digg by unreal37 on Thursday July 12, 2012 @05:29PM (#4236954)
The domain name and brand recognition. For $500K, cheap.
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Re:Betaworks has acquired the core assets of Digg by vaksel on Thursday July 12, 2012 @11:40PM (#4238123)
yeah, something shady must be going on.

My guess is that you'll find similar people on Digg's and News.me boards. And this was just a way to a) write off Digg as a permanent loss off the books and b) transfer those assets cheaply to the other company, which might boost them from being a loser to being a winner

Noone sells Digg for $500K...not unless they are millions and millions in debt

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