.:HSTuners::

Robert · 10-10-2006, 06:50 AM

Interesting deal and for alot of money

Quote:

In a blockbuster move, online giant Google said today it had agreed to buy popular video sharing site YouTube for $1.65 billion in stock.

The purchase matches up Google’s strength in the search engine market with YouTube’s dominant hold in online video.

Over 100 million videos clips are viewed through YouTube on an average day.

Both Google and YouTube are primarily run on advertising revenues. Buying YouTube gives Google a large footprint in the growing business of online video content.

In a statement, Google Chief Executive Eric Schmidt called the two companies “natural partners.”

“Our community has played a vital role in changing the way that people consume media, creating a new clip culture,” said Chad Hurley, chief executive of YouTube. “By joining forces with Google, we can benefit from its global reach and technology leadership to deliver a more comprehensive entertainment experience.”

YouTube also brings partnerships with big name brands like NBC and Cingular Wireless. Earlier today YouTube announced a partnership with Universal Music Group and CBS.

YouTube will continue to operate independently after the deal is completed, Google said.

http://business.bostonherald.com/tec...61553&srvc=biz

*AzCivic* · 10-10-2006, 01:12 PM

I was hoping YouTube was going to offer an IPO before anyone bought bought them out. Lousy google.

VR4_Craver · 10-11-2006, 03:05 PM

Google....is taking over the world!

Robert · 10-11-2006, 03:38 PM

Quote:

Originally Posted by VR4_Craver

Google....is taking over the world!

LOL a world owned by M$

10-11-2006, 03:05 PM	#3
VR4_Craver Banned Join Date: Sep 2002 Location: The stixx Age: 39 Posts: 1,550	Google....is taking over the world! __________________ me from another forum (im the top geekz0r) the geekz0r (11:03:46 PM): basicly, look at it this way...the 6speed is the same is the 5speed in 2,3,4,5,and 6...only the speeds are different because of the fd the geekz0r (11:04:16 PM): so 2nd pulls like 1st in the 5speed, 3rd is like 2nd, etc. PortugeeTex (11:04:26 PM): so whats 1st like then? the geekz0r (11:04:49 PM): 1st is like hitting a cheeta in the ass with a tazer PortugeeTex (11:04:53 PM): lmfao

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10-10-2006, 01:12 PM	#2
AzCivic Moderator Join Date: Feb 2002 Location: Az Age: 43 Posts: 3,804	I was hoping YouTube was going to offer an IPO before anyone bought bought them out. Lousy google.