There are rumors of Google taking over Digg, but is it fact or just water cooler talk?

Kevin Rose, the main developer, owner, and power behind Digg, could be $200 million richer in a couple of weeks if Google has their way. The former host of TechTV's "Screensavers" and G4TV's "Attack of the Show" will consider selling his website Digg which allow users to share news, videos, images and podcasts. It won't be known, unfortunately, for a couple of weeks if the deal will go through or not.

If not, Microsoft is waiting in line to buy the successful website for them. In either case, Mr. Kevin Rose is going to be a very rich man.

Google is reportedly ready to purchase the Digg Web site for $200 million. The search giant could beef up its news service with Digg, where readers select and vote on stories from around the Web.

The rumors began about a week ago when images on Web sites suggested Google was testing voting methods.

Some reports say Google could complete the acquisition of Digg within two weeks, and Microsoft is said to be waiting in the wings if Google doesn't seal the deal. Digg has a three-year deal with Microsoft that would likely end if the search giant absorbs the popular news site.

"This rumor has been around for a couple of months. But this is the most concrete version of the rumor," said Greg Sterling, principal analyst at Sterling Market Intelligence. "Digg seems to be trying to create some sort of bidding for the company in order to get the highest return."

Links: Digg | Google.com | Yahoo! News Story | G4TV.com