Google says it will buy YouTube for $1.65 billion

Morlan · 9 Oct 2006 at 21:25

Woohoo. Better that Google takes over Youtube than the American broadasters, ABC, CNN, etc.

Any thoughts?

SAN FRANCISCO - Google today said it will buy YouTube for $1.65 billion in stock in a deal that unites one of the Internet’s marquee companies with one of its rising stars.

A YouTube representative said the startup’s primary spokeswoman won’t be available for comment until after the stock market closes.

A partner for the venture capital firm Sequoia Capital, which owns about 30 percent of privately held YouTube, also was unavailable for comment Monday because he was tied up in a meeting. Sequoia was an early investor in Google and retains a seat on the company’s board of directors.

http://www.msnbc.msn.com/id/15196982/

Andr3w · 9 Oct 2006 at 21:26

*Waits for day when google buys microsoft* :eek:

The Running Man · 9 Oct 2006 at 21:26

thats a lot of cash for not very much?

Serj · 9 Oct 2006 at 21:27

How long has it been up and running?

Kerplunk · 9 Oct 2006 at 21:27

Goo-Tube

Reppyboyo · 9 Oct 2006 at 21:27

Whats the point when they have Google Video?
Plus they are opening themselfs into some lawsuits.

Posty · 9 Oct 2006 at 21:28

kind of amazing to think that a few years ago both of these sites started in some family home garage

PardonTheWait · 9 Oct 2006 at 21:28

I thought YouTube were losing fairly large amounts of money as they went along?

Morlan said:
Sequoia was an early investor in Google and retains a seat on the company’s board of directors.

Well that answers some questions.

hohohohohoho

Posty · 9 Oct 2006 at 21:29

Reppyboyo said:
Whats the point when they have Google Video?
Plus they are opening themselfs into some lawsuits.

compared to youtube google video has been a failure, it also doesnt cater to the same market as youtube

Posty · 9 Oct 2006 at 21:29

Nickg said:
thats a lot of cash for not very much?

i read somewhere they get 2 million hits a day

Posty · 9 Oct 2006 at 21:30

Serj said:
How long has it been up and running?

since feb 2005

brocksta · 9 Oct 2006 at 21:31

google are definately the cyber version of tesco's....

Google supermarket anyone?

Mr Jones · 9 Oct 2006 at 21:32

All we need now is Google to make their own their own home entertainment system that's Live - or perhaps working with Apple's iTV? Then damn will that be something to look forward to in the future.

gib786 · 9 Oct 2006 at 21:32

dear lord the google boys certainley have a lot of cash to play with! wouldnt mind a bit of that cash pie

leaskovski · 9 Oct 2006 at 21:36

Kerplunk said:
Goo-Tube

Isn't that on sky after 12??? :eek:

welshtom · 9 Oct 2006 at 21:40

gib786 said:
dear lord the google boys certainley have a lot of cash to play with! wouldnt mind a bit of that cash pie

yes, google are becoming absolutly massive. microsoft are watching very closely believe me.

google are thinking of moving into the OS market

leaskovski · 9 Oct 2006 at 21:42

welshtom said:
yes, google are becoming absolutly massive. microsoft are watching very closely believe me.

google are thinking of moving into the OS market

Thats been on the cards for ages!

daz · 9 Oct 2006 at 21:46

Google will use YouTube as a new platform for adverts. (perhaps adverts re-encoded into uploaded content at the start and end?)

GoogleVideo and YouTube together are unstoppable in terms of video content online.

Welshy · 9 Oct 2006 at 21:46

Well think about it, if they buy youtube, then googlevideo has no competition, and they have the youtube fanbase to play with

WotDa · 9 Oct 2006 at 21:54

Welshy said:
Well think about it, if they buy youtube, then googlevideo has no competition, and they have the youtube fanbase to play with

Bing!

Wonder what they'll but next. Perhaps they could buy me for a few million....