VentureBeat has word that Digg is getting serious about a sale and has hired Allen & Company to shop the site for $300 million.
Valleywag reported the $300 million rumor last month. Separately, it reported Digg chief executive Jay Adelson's attendance at Allen & Company's annual Sun Valley, Idaho get-together of the rich and famous, noting the company might be looking to find a buyer among one of the many media company executives in attendance.
Allen & Company traditionally uses the event to do what it terms "direct research" on potential buyers and sellers, then inserts itself as banker .
Via: http://venturebeat.com/2007/12/17/source-digg-hires-bank-hoping-to-sell-for-300-million-or-more/
