VCs shovel another $28.7 million into Digg

**MIG-31** · Sep 24, 2008, 08:38 PM

SAN FRANCISCO - Digg Inc., an Internet startup that specializes in rating news stories, is making a little news of its own with a $28.7 million round of financing. The investment announced Wednesday should squelch recurring rumors of a sale to Google Inc. or Microsoft Corp.

"That's part of the message. We want to be independent," said Jay Adelson, Digg's chief executive. "We have only completed about 15 percent of all the ideas that we have. I don't think anyone could offer us a better deal than us going alone."
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Source: Yahoo

Sep 24, 2008, 08:38 PM	#1
MIG-31 HardwareHeaven News Mod Join Date: Dec 2002 Location: Nottingham,UK Posts: 56,835 Rep Power: 471 System Specs	VCs shovel another $28.7 million into Digg SAN FRANCISCO - Digg Inc., an Internet startup that specializes in rating news stories, is making a little news of its own with a $28.7 million round of financing. The investment announced Wednesday should squelch recurring rumors of a sale to Google Inc. or Microsoft Corp. "That's part of the message. We want to be independent," said Jay Adelson, Digg's chief executive. "We have only completed about 15 percent of all the ideas that we have. I don't think anyone could offer us a better deal than us going alone." ____________ Source: Yahoo __________________ Please Post Your News Submissions Here