Digg, the social news site that’s long been rumored to be up for sale, has raised $28.7 million in a Series C venture round led by Highland Capital Partners. Existing backers Silicon Valley Bank, Greylock Partners and the Omidyar Network also participated.
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Note: John Paczkowski is on vacation and won’t be writing or posting videos until he returns Monday. To keep you abreast of tech news while he’s away, we’re compiling a daily digest of 10 must-read tech stories. We’re calling it the Tech 10 and it appears here.
- Retailing behemoth Wal-Mart will sell digital-music downloads on its Web site without copy protection, Reuters reports. The so-called digital-rights management software insisted on by some record labels can stymie where the average user plays the songs.
- Taking on the juggernaut of iTunes, MTV and RealNetworks are forming an online digital music venture. According to The Wall Street Journal, Verizon Wireless has signed on as mobile distributor of the joint content.
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