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Google to buy YouTube?

 
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faceless
admin


Joined: 25 Apr 2006
PostPosted: Sun Oct 08, 2006 10:08 pm    Post subject: Google to buy YouTube? Reply with quote
Google in talks to acquire online video firm for $1.6bn
Saturday, October 07, 2006 7:41:45 AM ET
newratings.com

NEW YORK, October 7 (newratings.com) ? Internet search giant Google Inc (GOOG.NAS) is in talks to acquire online video site YouTube for about $1.6 billion in cash and stock, according to the Wall Street Journal.

Discussions between Mountain View, California-based Google and San Mateo-based YouTube are still at a sensitive stage, the newspaper mentioned. The acquisition will make sense for Google, which has cash in hand worth $10 billion, according to analysts. The company?s own video site, launched in January 2005, has not been very successful so far. YouTube was founded in February last year by the former employees of eBay's PayPal electronic-payment unit.

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That would have to be a record for a company that has just started... 19 months old and worth 1.6 billion $?

blimey!
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Griffo



Joined: 24 May 2006
Location: Staffordshire, England
PostPosted: Mon Oct 09, 2006 7:35 am    Post subject: Reply with quote
YouTube owners...lucky bastards! Crying
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Skylace
Admin


Joined: 29 Apr 2006
Location: Pittsburgh, PA
PostPosted: Mon Oct 09, 2006 1:55 pm    Post subject: Reply with quote
Absolutely amazing. I would love to look at their business plan!
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maycm
'cheeky banana'


Joined: 29 Apr 2006
PostPosted: Mon Oct 09, 2006 2:33 pm    Post subject: Reply with quote
BTW Face, we're all shareholders in this little venture of yours called couchtripper eh?

I mean just in case Mr Gates or Mr Google come calling.....?
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