Google buys YouTube for $1.65 Billion
Google agreed to buy YouTube for $1.65 Billion dollars in stock confirming all recent rumors. With the purchase, however, comes YouTube's bagage like issues with copyright infringement and numerous lawsuits including nasty fight with Universal Music.
Investors, on the other hand, for the most part have been happy with the idea of a Google-YouTube merger.
USA Today reports:
The deal would be by far Google's most expensive in its eight-year history. The lofty price underscores how important Google expects online video to become as more viewers and advertisers migrate from television to the Internet.
P.S. What's next, Yahoo acquiring Facebook.com or Nycwave.com ;)?
Link
Investors, on the other hand, for the most part have been happy with the idea of a Google-YouTube merger.
USA Today reports:
The deal would be by far Google's most expensive in its eight-year history. The lofty price underscores how important Google expects online video to become as more viewers and advertisers migrate from television to the Internet.
P.S. What's next, Yahoo acquiring Facebook.com or Nycwave.com ;)?
Link
posted by Nycwave at 5:34 PM
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