Discount broker buys Iggys House assets 
Webdigs warns investors it must raise money
By Matt Carter, Friday, July 10, 2009.
Image by www.lumaxart.com.Minneapolis-based discount real estate brokerage Webdigs Inc. has acquired "substantially all the assets" of Iggys House and BuySide Realty, but has warned investors that it must raise additional capital to fund operations beyond October.
In a regulatory filing, Webdigs management said the company acquired the rights to Iggys House and BuySide Realty's Web sites, software, and network of customers and real estate professionals for $150,000 in cash and 7.12 million shares of Webdigs common stock.
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