Digg CEO To TechCrunch Editor: Rumors Are "Completely Inaccurate"

Early this morning, TechCrunch Editor Michael Arrington posted a rumor that Google and Microsoft are in a bidding war for social news aggregator Digg. We wrote about it and linked to the story on TC. This afternoon, word out of Digg HQ is that the story is, "completely inaccurate". Digg CEO Jay Adelson goes on to say, "Sorry to burst any drama theories, but they aren’t true. We remain focused on improving Digg and rolling out great features."

Arrington has updated his post with the following comment, "Lets see how this plays out." The story on TC has received over 5200+ diggs as of this post and will generate thousands of new inbound links.

TC receives a lot of rumors and while many of them come to fruition, it appears lately the ratio has been slowly lowering - Kara Swisher has been going pretty hard at TC on their rumors as of late. As Arrington says, let's see how this one plays out.