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Wed, Jul 11 2012 Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption Rolling Stones at 50 Half a century has passed since the Stones first live gig. Slideshow Potato's ancient home The ancestral home of the potato is in the Andes mountain region of South America. Slideshow After years of decline, the popular website Digg is sold Tweet Share this Email Print Related News Analysis: Is Twitter building ad business at expense of innovation? Wed, Jul 11 2012 GM talking with Facebook about advertising again: sources Tue, Jul 3 2012 Twitter double outage blamed on bug Fri, Jun 22 2012 Twitter suffers sustained outage in hacker attack Thu, Jun 21 2012 Analysis & Opinion Ouya: A hackable, $99 gaming console is in the works Killing them softly Related Topics Tech » Media » By Gerry Shih SAN FRANCISCO | Thu Jul 12, 2012 6:12pm EDT SAN FRANCISCO (Reuters) - New York tech incubator Betaworks acquired the website Digg on Thursday in a deal that included the remaining brand assets, a humble close to what was once a celebrated online property that heralded the social media era. Launched in 2004 by then 27-year old Kevin Rose, Digg rose to prominence as an aggregator of online content, becoming at one point one of the more highly-trafficked stops on the Internet. The site let users vote up - or "Digg" - links, an early precursor to how Facebook and Twitter help spread "viral" content today. The deal was worth just $500,000, the Wall Street Journal reported. The sale came after the majority of Digg's engineering staff left in May for Social Code, a subsidiary of The Washington Post Co. "Over the last few months, we've considered many options of where Digg could go, and frankly many of them could not live up to the reason Digg was invented in the first place -- to discover the best stuff on the web," Digg Chief Executive Matt Williams said in a blog post. "We wanted to find a way to take Digg back to its startup roots." Digg's website will continue to exist, and Betaworks will soon launch a new "cloud-based version of Digg" to complement its current offerings, Williams wrote. Still, Thursday's acquisition drew the curtains on a start-up once feted in Silicon Valley. The company raised a total of $45 million in funding from established venture capital firms like Greylock Partners. In 2006, Rose starred on a well-known BusinessWeek magazine cover, flashing his thumbs next to the headline: "How This Kid Made $60 Million In 18 Months." (Reporting By Gerry Shih; Editing by Tim Dobbyn) Tech Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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