Google buys YouTube for $1.65 Billion Dollars

**webby** · 10-10-2006, 03:09 PM

Google buys YouTube for $1.65bn

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.

Civicaddict79 · 10-10-2006, 03:17 PM

Wow.. that's amazing. What do you think about Google acquiring 8thgen civic Webby?

This acquisition really reinforces the power of the internet.

**CameronJr9** · 10-10-2006, 03:17 PM

Silly Webby. Reposts are for newbs!

Google Buys YouTube for $1.65B

**webby** · 10-10-2006, 03:22 PM

I SUCCCCCK. Thx cam

10-10-2006, 03:09 PM	#1 (permalink)
webby Acorns! Join Date: May 2005 Location: Storage Room B Posts: 14,472 iTrader: 12 / 100%	Google buys YouTube for $1.65 Billion Dollars Google buys YouTube for $1.65bn 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.

10-10-2006, 03:17 PM	#3 (permalink)
CameronJr9 Join Date: Feb 2006 Location: Louisville, KY Age: 28 Posts: 26,334 Back and Forth Forever iTrader: 6 / 100%	Silly Webby. Reposts are for newbs! Google Buys YouTube for $1.65B __________________

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Google Buys YouTube for $1.65B	Yodums	Water Cooler	10	10-10-2006 03:32 PM
Google Buys 5% of AOL - 1 billion dollars	webby	Technology	10	02-21-2006 01:45 PM

10-10-2006, 03:17 PM	#2 (permalink)
Civicaddict79 Senior Member Join Date: Jul 2006 Location: So. Burlington, VT Posts: 114 iTrader: 0 / 0%	Wow.. that's amazing. What do you think about Google acquiring 8thgen civic Webby? This acquisition really reinforces the power of the internet.

10-10-2006, 03:22 PM	#4 (permalink)
webby Acorns! Join Date: May 2005 Location: Storage Room B Posts: 14,472 iTrader: 12 / 100%	I SUCCCCCK. Thx cam