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Betaworks buys what's left of Digg

Social news site Digg was once one of the hottest things on the Web. But then it fell on hard times as services like Twitter and Facebook emerged. On Thursday, Betaworks, a technology incubator in New York, said it had acquired Digg. Betaworks paid $500,000 for Digg’s assets, including the site and its technology, and Digg shareholders received equity in a new Betaworks unit that will use those assets, according to a person involved in the deal. Original Story

source: NY Times Bits

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