October 9th, 2006
Google Completes YouTube Deal, Price is $1.65 Billion
By Michael Santo
Executive Editor, RealTechNews
Rumors were flying about this last Friday and over the weekend, and today, despite the normal “No Comment” over the last few days, Google completed the purchase of YouTube with a deal valued at $1.65 Billion. That’s Billion with a “B”.
The all-stock acquisition unites one of the Internet’s marquee companies with one of its rapidly rising stars. The price makes YouTube, a still-unprofitable startup, by far the most expensive purchase made by Google during its eight-year history. Source: Yahoo! News
We Say: Undoubtedly the deals that were announced earlier today here and here were related to this deal. This means Stephen Colbert will have to move his blue-screen Jedi knight video contest to … say … GoogleTube?
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October 9th, 2006 at 5:23 pm
Google Completes YouTube Deal, Price Is $1.65 Billion ~ Tech News Watch says:
[…] Michael Santo of RealTechNews writes: […]
October 11th, 2006 at 4:06 pm
Alice Hill’s Real Tech News - Independent Tech» Blog Archive » UTube’s Site Brought Down by YouTube says:
[…] Ah, so now we know why Apple is suing people left and right over usage of the term “pod”. It’s to protect the other party … considering how this site has been unusable since the Google - YouTube deal was announced. Utube.com, a Web site owned by a supplier of used tubes and pipes, has been swamped with visitors confusing it with online video service YouTube Inc. and has been barely operational since Google Inc. said on Monday it would buy YouTube for $1.65 billion. […]
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