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Google buys YouTube for 1.65 billion dollars

Discussion in 'News' started by zekrahminator, Oct 10, 2006.

  1. zekrahminator

    zekrahminator McLovin

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    Google has officially said in a press release that they have bought YouTube for $1.65 billion. However, instead of a simple buyout, Google has agreed to let YouTube run independently. Both companies will work on finding features for each other, and the deal should be closed in Q4 2006. When asked about the YouTube acquisition, Google CEO Eric Schmidt says "This is one of many investments that Google will be making to put video at the heart of a user's online experience. When we looked at the marketplace and saw what was going on, we saw a clear winner in the social networking side of video, and that's what drove us to start the conversations with YouTube." From the YouTube side, the deal is very good for it because of Google's very deep pockets, as well as their long list of advertising contacts. According to Drummond, senior vice president of corporate development for Google, Google used a "synergistic" model to value YouTube. They used a synergistic model because standalone methods of valuing YouTube would have been too complicated.

    Source: CNET
  2. Canuto

    Canuto New Member

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    That's cool i guess...
  3. i_am_mustang_man New Member

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    wwwwooooooowwwww
    i wish i was youtube
  4. DaMulta

    DaMulta My stars went supernova

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    To think about the guys who started it, all they wanted to do was share videos with each other.


    Damn the luck they have
  5. xylomn

    xylomn New Member

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    think they could spare us a little bit of that cash :laugh:
  6. jocksteeluk

    jocksteeluk New Member

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    good for them, i wonder when the lawsuits will start for all the copyrighted stuff.
  7. -Thrilla- New Member

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    lol ya, youtube's gotta remove some of those stuff.

    btw the elephant in your sig need to get his eyes checked hahahaha ;)
  8. ktr

    ktr

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    youtube started 2 years ago with 11million to start with, now look what the return is...
  9. Track

    Track New Member

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    Makes me want to have the success they had. First Google started with nothing and now owns 3/4 of the world, then Youtube wich started with next to nothing compared to what they have just recived, not to mention they get to maintain their company and independence, so who knows whats next. I hope its me with whatever company ill make. I wonder, what do ppl want? :confused:
  10. Ketxxx

    Ketxxx Heedless Psychic

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    something thats popular and\or marketable ;)
  11. Track

    Track New Member

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    Thats good, how would u like to be my marketing supervisor?
  12. Seany1212

    Seany1212

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    lol maybe now we can watch this in video form :roll: :

    [​IMG]


    p.s. mods feel free to delete at will
  13. overcast New Member

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    Now let's talk about the tens of millions in operating and bandwidth costs per month, they were dumping out of their pockets.

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