"Digg has been working with influential investment bank Allen & Co (the ones that recently got Slide a half billion dollar valuation) for a few months now, and pitching big tech and media companies on a sale," says Michael Arrington at TechCrunch.
We hear from a source very close to the deal that four companies are in heavy due diligence with Digg -- two media/news companies, and two big Internet companies -- Google and Microsoft. And Google and Microsoft are on the verge of making their bids.
It's probably a good bet that one of the "media/news companies" is Rupert Murdoch's News Corp, which owns MySpace. But what's the other one?
The site could fetch $200-225 million.
