Digg's CEO shoots down 'bidding war' rumors

Jay Adelson, chief exec at the social-news site, posts a blog entry to inform readers that there is no corporate catfight over its price tag.

Social news site Digg, a perpetual target of acquisition rumors, normally addresses the "is _____ buying you?" questions with a "no comment" answer. Not this time.

Jay Adelson, the company's CEO, posted a blog entry on Friday in response to a rampant rumor that Microsoft, Google, and two major media companies were placing bids on the hot start-up's price tag. A sizeable number of avid Digg users were thrown into panic mode over the prospect of a corporate parent. Adelson appeared to deny the rumors outright.

"Normally our policy is to not comment about things like this," Adelson wrote, "but this morning's rumors about a bidding war involving Google and Microsoft have created such a stir we feel compelled to tell you all directly that they are completely inaccurate."

He continued: "Sorry to burst any drama theories, but they aren't true. We remain focused on improving Digg and rolling out great features."

But Adelson could be acting a bit cagey here. The original report on TechCrunch never mentioned a "bidding war" per se, just that four companies were in the running to acquire the company. The "bidding war" phrase in Adelson's post could have referred to embellished rumors and speculation that subsequently floated about the Web. I've e-mailed Adelson to ask him to clarify whether he's willing to debunk the entire contents of the post.

I'll update this when I have a response.

Featured Video
This content is rated TV-MA, and is for viewers 18 years or older. Are you of age?
Sorry, you are not old enough to view this content.

Details about Apple's 'spaceship' campus from the drone pilot who flies over it

MyithZ has one of the most popular aerial photography channels on YouTube. With the exception of revealing his identity, he is an open book as he shares with CNET's Brian Tong the drone hardware he uses to capture flyover shots of the construction of Apple's new campus, which looks remarkably like an alien craft.

by Brian Tong