Note it's 'acquiring the assets' rather than 'acquiring the company'. In general this means the steaming wreck of a company will be left behind, asset stripped

Note it's 'acquiring the assets' rather than 'acquiring the company'. In general this means the steaming wreck of a company will be left behind, asset stripped. In other words, if Digg owes you money, you're not going to be able to ask the new owners for it. It also means it's up to them which employees (if any) they take on. This is a sale of brand name, domain name, IP and probably very little else.