Looks like the reports came true.

AP: "Google says 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."

Re: Google To Buy YouTube

[url]http://money.cnn.com/2006/10/09/technology/googleyoutube_deal/index.htm?cnn=yes[/url]

Re: Google To Buy YouTube

was to be expected: the FT rumoured about it 2 months ago.

when is google gonna buy ms btw? ;)

Re: Google To Buy YouTube

must be nice to be one of those guys who founded youtube to be a new billionaire

Re: Google To Buy YouTube

i dont see how google are going to get over the licensing/copyright situation tho?

Re: Google To Buy YouTube

^^ yeah i was wondering about that too..not too sure

Re: Google To Buy YouTube

so they only sold it for stock?

Re: Google To Buy YouTube

yeah prob gave those two kids 1.65 billion worth of google stock, i'd take it :lol:

Re: Google To Buy YouTube

So they 'gave up' on Google Video?

Re: Google To Buy YouTube

^^^ not sure. Youtube will keep its name and will keep on existing like it does now. Could be that it will be integrated in Google. The reason why they bought it (according to the FT some time ago) was to get some traffic from MySpace.com to boost up the advertising income.

As for the copyright problem: Youtube and Google have been negotating with labels in order to be able to offer videoclips for free.

Shit. Reminds me of the opening quote of Boiler Room (if any of you are in sales, watch this movie: friggin great sales pitches):

[QUOTE] I read this article a while back, that said that Microsoft employs more millionaire secretary's that any other company in the world. They took stock options over Christmas bonuses. It was a good move. I remember there was this picture, of one of the groundskeepers next to his Ferrari. Blew my mind. you see shit like that, and it just plants seeds, makes you think its possible, even easy. And then you turn on the TV, and there's just more of it. The $87 Million lottery winner, that kid actor that just made 20 million o his last movie, that internet stock that shot through the roof, you could have made millions if you had just gotten in early, and that's exactly what I wanted to do: get in. I didn't want to be an innovator any more, i just wanted to make the quick and easy buck, i just wanted in. [/QUOTE]

Re: Google To Buy YouTube

[quote=KinKyJ;386993]

when is google gonna buy ms btw? ;)[/quote]

I would say it will be the other way around. At some point all that cash MS has will eventually burn a whole in their pocket.

Re: Google To Buy YouTube

YouTube's server costs must be out of control. will be interesting to see if google can make money on that thing

Re: Google To Buy YouTube

^^^$1 million/month in bandwidth

Re: Google To Buy YouTube

[quote=Huggie Smiles;387053]i dont see how google are going to get over the licensing/copyright situation tho?[/quote]

[URL]http://news.bbc.co.uk/2/hi/business/6038116.stm[/URL]