Google Acquires Youtube
ADVERTISEMENTSFor a few days I had been hearing news about Google acquiring which I believed was just a rumour, but now Google the acquisition for $1.65 billion.
MOUNTAIN VIEW, Calif., October 9, 2006 - Google Inc. (NASDAQ: GOOG) announced today that it has agreed to acquire YouTube, the consumer media company for people to watch and share original videos through a Web experience, for $1.65 billion in a stock-for-stock transaction. Following the acquisition, YouTube will operate independently to preserve its successful brand and passionate community.
I spend some time on YouTube almost daily and this is great news for me as I expect Google to improve YouTube’s service a lot more. Google Rules!
What’s your opinion on Google acquiring Youtube?
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Posted on October 10th, 2006 | Category: Google |
siong1987
October 10, 2006 at 3:04 pm
I experience very slow speed for Google Videos. I hope that Google will put all the videos in Google Videos to Youtube.
JohnTP
October 10, 2006 at 4:02 pm
Only time can tell. Lets wait and see.
Bong
October 21, 2006 at 5:27 pm
I agree. Google Video is big time slow. Btw, Google seems to be unstoppable.