Oct 10 2006

Google Bought YouTube for USD$1.65B

SMH: As rumoured, Google bought online video sharing site YouTube for 1.65 billion USD. I have to double check to ensure it is not a fake post. Looks like it is going well for them. Well, it will finally stop all the nay-sayers, like me. Update: Press release from Google.

3 Comments

  1. scotty on 10 Oct 2006 at 9:40 am #

    This insightful comment makes more sense on how much money is 1.65 billion dollars:

    Although I disagree with this long term, what most people haven’t realized is that Google got YouTube for free. On news they might buy last week, their stock rose ~2%. It rose even more today with more news and will probably raise a bit more tomorrow. So, 1.65 billion in stock was given away which is something like 1.5% of the company. If they just increased the companies worth by 5%, did they not just make a profit buy “buying” this company?

    Yup. 1.65B is ALL STOCK — Google did not buy YouTube in cash, but used its over-valued stock to trade equally over-valued stock of YouTube to increase the size of its empire.

  2. Marcus on 12 Oct 2006 at 2:38 pm #

    Wish I thought of making youtube first….:p

  3. scotty on 12 Oct 2006 at 3:06 pm #

    Wish I thought of making google first….:p

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