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Google Buys YouTube...

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Google Buys YouTube...

Postby bigh0rt » Tue Oct 10, 2006 5:43 pm

... one more step towards world domination...

Yup, for roughly $1.7 billion.

vnunet.com wrote:Google buys YouTube for $1.65bn

Search firm announces stock deal for video-sharing site

Shaun Nichols in California, vnunet.com 10 Oct 2006

Google has agreed to acquire video-sharing site YouTube for $1.65bn in stock.

YouTube will continue to operate independently, and will keep its own headquarters and employees.

Rumours surfaced last week that an acquisition was in the works. Industry analysts speculated that such a deal could be mutually beneficial, allowing YouTube to tap into Google's vast economic and technological resources while giving Google access to YouTube's millions of viewers.

Those sentiments were echoed in the words of the two companies' chief executives.

"The YouTube team has built an exciting and powerful media platform, which complements Google's mission to organise the world's information and make it universally accessible and useful," said Google chief executive Eric Schmidt.

YouTube chief executive Chad Hurley added that joining forces with Google will allow the firm to benefit from the search giant's global reach and technology, in addition to creating new opportunities for partners.

Google expects the acquisition to be finalised by the end of 2006.



Watch them laugh their way to the bank.

$HA$ $HA$ $HA$ $HA$ $HA$
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Postby acsguitar » Tue Oct 10, 2006 6:17 pm

Pretty exciting this pretty much means Youtube is here to stay!!
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Postby RyanK » Tue Oct 10, 2006 6:22 pm

wow theyre gay...


but besides that... on a google note, I read an article last week basically saying google wants to get to online domination. It also talked about their work environment, and itd love to work there, free massages, hair cuts, health care on site, free meals, can bring your dogs, you get a day of "creative something" every week you can do whatever..
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Postby The Artful Dodger » Tue Oct 10, 2006 6:42 pm

This is kind of old news, as we've been talking about this in the office for the last couple of days as it had been in the rumor mill until yesterday...yeah, we're in business against Youtube.

I'm not too surprised about Google buying YT, but it's interesting because Google entered the viral video business as well. However, they weren't getting a ton of user-created content like YT did (i.e. lonelygirl15), but YT does have some controversies over copyrights seeing how the lion's share of clips on YT you find comprise of music video clips and clips from TV shows. Google is on a march obviously to grab every nook and cranny of valuable content space. But who would've known Youtube's valuation would be over $1.5 billion? That drives up the valuations of other viral video startups by a good bit as well. Youtube had done this with only 15-20 employees I believe...we have doubled that here.
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Postby thedude » Tue Oct 10, 2006 7:01 pm

The Artful Dodger wrote:This is kind of old news, as we've been talking about this in the office for the last couple of days as it had been in the rumor mill until yesterday...yeah, we're in business against Youtube.

I'm not too surprised about Google buying YT, but it's interesting because Google entered the viral video business as well. However, they weren't getting a ton of user-created content like YT did (i.e. lonelygirl15), but YT does have some controversies over copyrights seeing how the lion's share of clips on YT you find comprise of music video clips and clips from TV shows. Google is on a march obviously to grab every nook and cranny of valuable content space. But who would've known Youtube's valuation would be over $1.5 billion? That drives up the valuations of other viral video startups by a good bit as well. Youtube had done this with only 15-20 employees I believe...we have doubled that here.


maybe you guys can cash in next.
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Postby Coppermine » Tue Oct 10, 2006 7:03 pm

Google buys Fantasy Baseball Cafe for $3.9 billion!
Menyak retires; Madison still a robot.
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Postby acsguitar » Tue Oct 10, 2006 7:05 pm

Coppermine wrote:Google buys Fantasy Baseball Cafe for $3.9 billion!
Menyak retires; Madison still a robot.


Acs gets some money??
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Postby Coppermine » Tue Oct 10, 2006 8:14 pm

acsguitar wrote:
Coppermine wrote:Google buys Fantasy Baseball Cafe for $3.9 billion!
Menyak retires; Madison still a robot.


Acs gets some money??


no
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Postby Coppermine » Tue Oct 10, 2006 8:14 pm

but... there will be an acs "slore fund."

:-D
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Postby Madison » Tue Oct 10, 2006 8:40 pm

Coppermine wrote:Google buys Fantasy Baseball Cafe for $3.9 billion!
Menyak retires; Madison still a robot.


Nah, we wouldn't settle for anything less than 3.95 billion. ;-7

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