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Digg, the social network news site, has secured nearly £4.4 million in financing from existing backers, dampening speculation that it is ripe for a takeover.

According to VentureWire ( through Venture Beat ) funding comes from previous investors Greylock Partners and the Omidyar Network, which is run by eBay founder Pierre Omidyar.

During a Forbes Video Network interview, in November, CEO Jay Adelson dismissed suggestions that Digg was looking for a big money buyout, a point reinforced by these latest reports.

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Written by
Oliver Luft

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