Digg gained $28.7 million wind captial
This IT news is provided from the One Net Technology Limited
Sept. 25, according to foreign media, social news site Digg local time this week announced they had received a new round of a total of 28,700,000 U.S. dollars of investment. The news also broke the previously widespread rumors that Digg would be sold to Google and Microsoft.
Digg CEO Jay - Adelson (Jay Adelson), said: "We hope to remain independent. At the moment, we thought that only 15% to be put into practice. I think, to keep our independence is the best choice."
Digg financing for the global expansion has provided sufficient funds, but also makes expansion of its programs can be successfully implemented. Digg the total number of employees by the end of next year is expected to double to 150 people. In addition, Digg is also planning to move into larger office space, has started a stronger brand promotion strategy.
The financing from Highland Capital Partners, Greylock Partners, Omidyar Network and SVB Capital. After the three of them previously on Digg has been on the investment. Since Kevin - Ross (Kevin Rose) four years ago, the creation of Digg, they have received a total of 40,000,000 U.S. dollars of investment.
Since last year, there are rumors that Digg plans to 200,000,000 to 300,000,000 U.S. dollars of the sale price in recent months have reported that the company is working with Google and Yahoo on the acquisition of appropriate negotiations.
Indeed, these two companies, Digg has a certain appeal. For example, Google is currently conducting a test, allows users to its search results for the quality of the score. If Google really intends to put into practice the concept, then the page on Digg and the picture of the score on the Google model run will be very valuable. Microsoft and Digg has previously had financial ties. Digg with until they have signed a three-year agreement, Digg for online advertising operations, the deadline for an agreement in 2010.
Adelson declined to comment on rumors, but he also acknowledged that in the past few years, there are a number of companies intended to buy Digg. Digg is still due to private companies, so they did not disclose financial data. However, Adelson said that in the past year, their income was doubled. Despite the Digg has yet to achieve profitability, they have been able to survive independently.