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Google Walks Away From Digg Deal

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Google Walks Away From Digg Deal(July 26, 2008 TechCrunch)

The Google/Digg acquisition negotiations were in full swing as of last Tuesday, had passed the term sheet stage and the two companies were in final negotiations in the $200 million range. But sometime this last week Google decided to walk from the deal.

According to the article, the reason why Google abandoned the purchase of Digg seems not to have been suitable of the character of both team, and is not a technology of Digg and to be no problem on a financial side.

In the corporate merger and purchase, it is a key to the success that a corporate culture of the two companies is near, and when the corporate culture is too different, the success is difficult.

The same thing can be said in M&A of Japanese businesses.

This time, I think that Google abandoned the purchase of Digg because there is a difference of a corporate culture.

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Written by weblibraryjpn

July 28, 2008 at 12:13 am

Posted in Bussiness, internet bussiness, News

Tagged with ,

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