Digg Inc., a social-media pioneer once valued at more than $160 million, is selling for the deeply discounted price of about $500,000, three people familiar with the matter said.
The buyer is New York technology development firm Betaworks, which is attempting to revive a news-sharing site that was outmaneuvered by Facebook Inc. FB -0.52% and Twitter Inc.
Once a Social Media Star, Digg Sells for $500,000 to Betaworks
Current Status: Blessed (1)
Seeded by Michael Sautter View Original Article: 
Wall Street Journal
Seeded on Thu Jul 12, 2012 4:44 PM
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