The social news sharing site Digg has been sold to Betaworks for $500,000 (£324,000) a small fraction of what the company was once valued. Betaworks has said that it will intertwine Digg with News.me, a service which delivers subscribers news stories shared by their Facebook and Twitter friends through an iPhone and ipad apps and a newsletter. Digg had once been valued at £104m in 2008 and was said to be close to concluding a sale to GOOGLE for an estimated £129.5m in the same year.
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