Based on “the word” on the net 4 heavy hitters are currently on the line to aquire Digg – two media/news companies, and tow big internet companies – Google and Mircrosoft.

Microsoft already has an advertising deal with Digg since last year, so it will be hard to value Digg based on the revenue that they themselves supply. Only by terminating that advertising deal a true value can be set, which also means that Google isn’t valuating Digg based on current revenue either.

It is interesting to see how the bidding war between Mircosoft and Google over Digg develops, specially considering if anybody else raises their hand at the last minute.

Digg was founded in late 2005 and has raised $11.3 million in funding. The bids will likely be in the range of $200-$250 million based on the numbers mentioned on the net.

Amazon is starting to sell wine to US customers and according to FT.com, is currently trying to recruit a senior wine buyer who will be responsible for “the acquisition of the new massive product selection”.

In the US, online alcohol sales is a difficult market since there are a multitude of laws in different states. But maybe now is a time to jump on the train for a lot of wine retailers since the US Supreme Court ruled in 2005 that state governments are not able to prohibit residents from ordering from out-of-state wineries.

The Amazon giant invested $30 million into Wine Shopper ( 1999 ) – but the site only lasted one year ( autsch ). The current Wine Sales for 2007 totaled $30 billion in the US – I wonder how the gallon of gas compares to wine.

Jangl did finally turn on the revenue stream across the social calling widget network. Most people utilize Jangl by placing calls or SMSs to other internet users without using a real number.