• By Nicholas Carlson
    Dec 27, 2007 12:00 PM 1,130
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    read more: #jayadelson, #top, #acquisitions, #digg, #valleywag

    Digg CEO says selling out would be easier than an IPO

    Digg CEO Jay Adelson told BusinessWeek that the company is not planning a 2008 IPO, holding acquisition talks, or looking for more money. Which is obviously bullshit. That is, unless Digg hired Allen & Company, an investment bank which specializes in media deals, to bolster its ultimate frisbee team.

    Emerging briefly from the heaping pile, Adelson did admit that an acquisition would be easier for a company Digg's size than going public. But mostly Adelson was just being cagey. Just like he was a couple of months ago when I saw him in New York. "Why all the Digg coverage? Isn't Digg old news?" he asked me. Why all the complaints, Jay? Getting bored of running Digg?


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