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CNET Hasn’t Acquired Revision3
It seems that on-and-off today we’ve seen messaging about CNET acquiring Revision3 for $57 million might not be accurate. I noticed this news on Digg in upcoming early this morning. The link to the blog with the news was only pointing to some random Pownce entry. As of 11pm Eastern, the story has hit the Digg front page. There’s also a discussion thread on the Revision3 forums.
Moments ago, Jay Adelson, Digg CEO has commented on the supposed acquisition:
Normally, we don’t comment on rumors and speculation about acquisition. But no. (What is it with you people? You’re giving me a heart attack.)
What may have prompted this is the news last December of a distribution partnership between Revision3 and CNET. I do not have any further details at this point. Videoblogger Robert Scoble has posted a message that there is no deal.
Why does Jay always start with something like “Normally we don’t comment” – yet he always comments (denies) every acquisition rumor that is out there.
I think digg will be sold off long before Revision3 – Rev3’s business model/concept is more sustainable in the long-term future, albeit more expensive.