Done deal. Google + YouTube
October 9th, 2006 | Published in Current Affairs
Well geez, why didn’t I think of starting YouTube a year ago and then flipping it for a cool 1.65 Billion to Google? YouTube will operate independently to preserve its
successful brand and passionate community," according to Google so I doubt we will see a GoogleTube.
"Moments ago the deal was confirmed.
In their largest acquisition to date, Google has acquired YouTube for
$1.65 billion in an all stock transaction. Both companies have approved
the deal, which should officially close in the fourth quarter.
YouTube’s 65 employees will remain with the company at YouTube’s San
Bruno headquarters." Full Story at TechCrunch