GDigg or GooDigg? Or maybe DIGGOOGLE? There were reports from JackBook and Techcrunch that Google is negotiating a budget of $200 million to buy Digg. Again, the Digg value is $200 million.

JackBook said that he still does not even understand why Google would waste their $200 million just for an easy to replicate website like Digg. He can even help Google hire programmers to build the site for only $49 million. $151 is a lot of money to waste.

TechCrunch, who have heard from multiple resources that Google and Digg already signed a letter of intent. TechCrunch also wrote about this Google-Digg negotiation last March.

Digg then immediately reacted to TechCrunch’s post and explained their side.

More facts about the Google-Digg Issue:

The Google Digg Purchase Would Mean Nothing To You, July 22, 2008
Is Google About To Swallow Up Digg?, June 12, 2008
New ‘Google + Digg’ Rumour, March 8, 2008
Google Digg-Style Experiment, November 28, 2007
Microsoft Replaces Google in Digg Ads, July 26, 2007
Digg Fires Google for Online Ads, July 25, 2007

Based on these facts, Digg stopped working with Google last year and now, Google is buying them? Which is it? RegularGeek posted an unbiased reaction about this issue on his blog.

What do you think? Is $200 million worth spending for? Maybe Google can spare $100 to support bloggers instead of spending all of it to Digg. It is not Google and Digg alone that keeps their websites running, it is the Googlers and Diggers. If Google will spend $1 million for each deserving blogger, maybe that can improve its reputation. Keep a blogger happy and you will get the publicity you need.

Disclosure: Pweng Bee is open for anyone who is willing to help, support or join her. This post is only what she thinks of about the Google-Digg issue. The names mentioned are based on her research. Feel free to say what you want to say.

UPDATE on More facts about the Google-Digg Issue:

Google And Digg’s Deal, Truth Or Myth?, July 24, 2008