Valleywag Readers Starting Digging

Techcrunch is reporting that Digg is being shopped around to News Corp and other companies for a paltry $150 million dollars. Digg has been unable to control bandwidth cost or monetize the traffic, without a buyer they will enter Series B funding from Greylock Partners.

Maybe Netscape.com's Jason Calacanis can get AOL to cut a check and end the rivalry once and for all. Any Valleywag readers have some tidbits on this? Send them to us.

Digg Does The Acquisition Dance With News Corp [TechCrunch]