There has been some talk for a while, but the rumor has resurfaced that Yahoo! may buy Digg for nearly $30M.  In case you haven’t heard of Digg, it’s a technology news site that uses peer-approval for editing posts. Digg has grown incredibly fast in the past 4 months, and they may need some help with scaling. Will Yahoo! answer the call?

I’ve now heard from two sources close to Yahoo which tell me that Yahoo is going to be buying Digg
for nearly $30M. I haven’t yet heard from anyone working for Yahoo that
this is 100% (they obviously had ‘no comment’) but I’d be surprised if
we didn’t hear an announcement by early next week.

Since Digg launched, the service resonated with users who wanted a
way to find hot and alternative news. I think what we’re now seeing is
a new space emerge alongside RSS aggregation with Digg, Reddit, and TailRank being major players…

[Continue reading "Yahoo Will Buy Digg- Announcement Early Next Week"]