Digg's new owners Betaworks has announced plans to relaunch a new version of the news aggregation site on August 1st, just a few weeks after the company acquired Digg.
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Digg, the long lost darling of the internet, has reportedly been acquired by Betaworks, the company behind Bitly, for a mere $500,000, a far cry from the $200 million Google offered them back in 2008.