socialmedian: Reasons Why StumbleUpon Merged With Digg Makes Sense

User-submitted headlines for this story

Clips

Reasons Why StumbleUpon Merged With Digg Makes Sense

Submitted by Eng1ne from Google Reader

Oct 12, 2008

Summary

Recently TechCrunch has initiated the rumors that eBay may be looking for a potential buyer for StumbleUpon (acquired for $75 million in May 2007) to sell this property for at least the amount it initially paid for it. Of course the blogosphere is actively engaged in various conversation of who could be the right buyer for StumbleUpon during the recession we are facing now. Earlier this week Om Malik has come up with an interesting suggestion for a potential buyer - Digg.

In the post Om mentions that his numerous sources make him believe that StumbleUpon generates from $5 to $7.5 million annual revenue so the price of $75 million could be a fair one for the popular (and possibly profitable) website/toolbar/community. But unfortunately right now the financial climate is not particularly suitable for anyone to consider buying StumbleUpon for the price right away. And here is where Om suggests an interesting idea for Digg. While it is obvious that Digg is not in the position to offer this amount in cash, the founders could make just the right move by merging the

...Read the full article

Comments (2)

Jasongoldberg,

Oct 13, 2008

Not going to happen.

Michaelfidler,

Oct 13, 2008

@jasongoldberg Maybe not them, but someone else. Afew months ago Google was eyeing them. Also, I think Revision 3 goes to a major network in the next six months!. I'll put money on that one.