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Google Buys Out YouTube.com For $1.65 Billion


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Google Buys Out YouTube.com For $1.65 Billion
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Default Google Buys Out YouTube.com For $1.65 Billion - 10-10-2006, 01:27 PM

Google Inc. acquired internet video site YouTube.com on Monday for a reported $1.65 Billion.

According to The Associated Press, the deal will now allow Google to become a major force in the online video market and is by far the most expensive purchase to date for the eight year-old company.

The move is being seen as a marketing tool for the company, as more viewers and advertisers migrate from television to the Internet. YouTube also announced on Monday a new partnerships with Universal Music Group, CBS Corp. and Sony BMG Music Entertainment.

Just last month the popular site also partnered with Warner Music Group, and it also recently formed a channel with hip-hop mogul Sean "Diddy" Combs, as SOHH previously reported.

"We are natural partners to offer a compelling media entertainment service to users, content owners and advertisers," said Eric Schmidt, Google's chief executive officer.

YouTube, which was started by 29 year-old Chad Hurley and 27 year-old Steve Chen in February of 2005, has grown exponentially in popularity since the site's inception, showing over an estimated 100 million video clips per day. As part of the deal, the site will also retain its entire roster of 67 employees, including both Hurley and Chen.
  
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Re: Google Buys Out YouTube.com For $1.65 Billion
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Default Re: Google Buys Out YouTube.com For $1.65 Billion - 10-10-2006, 09:21 PM

good move of them, i wish i had google stocks cuz they went up again
  
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Re: Google Buys Out YouTube.com For $1.65 Billion
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Default Re: Google Buys Out YouTube.com For $1.65 Billion - 10-10-2006, 10:10 PM

damn thats a lot of Wendys burgers
  
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Re: Google Buys Out YouTube.com For $1.65 Billion
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Default Re: Google Buys Out YouTube.com For $1.65 Billion - 11-10-2006, 02:18 AM

^^ lol...BUT its much more wendys chicken nuggets
  
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Re: Google Buys Out YouTube.com For $1.65 Billion
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Default Re: Google Buys Out YouTube.com For $1.65 Billion - 11-10-2006, 02:38 AM

Damn!!! Google is taking over the world...Microsoft better watch its back...LOL
  
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Re: Google Buys Out YouTube.com For $1.65 Billion
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Default Re: Google Buys Out YouTube.com For $1.65 Billion - 11-10-2006, 03:44 PM

thas crazyy!!!...tv is going to be extinct soon in my opinion
  
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Re: Google Buys Out YouTube.com For $1.65 Billion
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Default Re: Google Buys Out YouTube.com For $1.65 Billion - 11-10-2006, 06:14 PM

lol hellz yeah and for just 200 dollars you can get wireless routers from your tv to your dvr that connect to anything from your PC to your PSP ipodz all of that

first tha net then THA WORLD
  
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Re: Google Buys Out YouTube.com For $1.65 Billion
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Default Re: Google Buys Out YouTube.com For $1.65 Billion - 14-10-2006, 06:04 AM

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Originally Posted by Young Ef View Post
lol hellz yeah and for just 200 dollars you can get wireless routers from your tv to your dvr that connect to anything from your PC to your PSP ipodz all of that

first tha net then THA WORLD
damn $200, somebody overpaid8-)
  
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Re: Google Buys Out YouTube.com For $1.65 Billion
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Default Re: Google Buys Out YouTube.com For $1.65 Billion - 18-10-2006, 05:13 AM

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Originally Posted by UP06 View Post
damn $200, somebody overpaid8-)
i aint buy it thun lol

dubz is a windoooow shoppppa
  
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Re: Google Buys Out YouTube.com For $1.65 Billion
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Default Re: Google Buys Out YouTube.com For $1.65 Billion - 18-10-2006, 07:01 PM

*:idea: Gets a brilliant Idead



*Pms CP




...Evil laugh like mr burns here...


CP is offline


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Forgets idea allready



.
  
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Re: Google Buys Out YouTube.com For $1.65 Billion
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Default Re: Google Buys Out YouTube.com For $1.65 Billion - 18-10-2006, 09:13 PM

ahaah i just heard like all the major record company's wanting to sue google cuz youtube is full of copyrighted stuf hhahaah
  
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Re: Google Buys Out YouTube.com For $1.65 Billion
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Default Re: Google Buys Out YouTube.com For $1.65 Billion - 19-10-2006, 01:05 AM

Thats a lot of money man, wish I could make something that blows up like that damn
  
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