According to the following draft press release that is supposed to go out on tomorrow, Microsoft has reached an agreement to acquire Digg, Inc.
REDMOND, Wash. — April 2nd, 2007 — Microsoft Corporation (Nasdaq: MSFT) announced it has reached an agreement to acquire Digg, Inc. for an undisclosed sum.
The deal has been in the works for several weeks, according to Microsoft spokesman Mario Nette, who noted that, "Digg is a pioneer in crowd sourcing, the Web 2.0 way of discovering what is important to a new generation of technology-friendly consumers. The Digg community is our natural consumer base and this acquisition is a great opportunity to connect with them. Digg users are passionate about Microsoft products and we are anxious to engage them through this new channel."