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View Full Version : Google to acquire video site YouTube for $1.65 billion


minstrel
10-09-2006, 11:35 PM
Google to acquire video site YouTube for $1.65 billion (http://us.rd.yahoo.com/dailynews/rss/internet/*http://news.yahoo.com/s/nm/20061009/wr_nm/media_google_dc)

Reuters - Web search leader Google Inc. said on Monday it agreed to acquire top video entertainment site YouTube Inc. for $1.65 billion in stock, putting a lofty new value on consumer-generated media sites.
beller
10-10-2006, 08:29 PM
Not bad for about 18 months work.
Hell³
10-10-2006, 08:37 PM
Maybe this is what the TV companies were waiting to start lawsuits. The smell of fresh blood... er... money.
Joeychgo
10-10-2006, 08:57 PM
Could be. Google is getting too damn big.
Peggy
10-10-2006, 10:37 PM
They need to stop trying to acquire everything they can get their hands on, and take the time to fix what they already have.
Hell³
10-11-2006, 01:33 AM
They wont stop. They increased share market value by 6 billion since the news about the acquisition started. That's almost four times the money they spent on the buy.