Google Buys YouTube for $1.65 Billion

[Apex]

Google has agreed to purchase popular video sharing site YouTube for $1.65 billion in stock, the two companies announced after the close of the stock market Monday. The deal marks the largest acquisition for Google in the company's eight-year history.

A potential deal had been rumored since late last week, prompting surprise from a number of industry watchers who failed to see what Google would gain from the purchase. However, the search giant says it will unite YouTube with its online advertising platform.

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[guptaji]

great move...

google is the fastest growing company in the history now..
they are growing so fast that the team there is scared of losing focus...they are askin the engineers to focus on features now, and not new products

 

[Lord Dagon]

Good news thanks

 

[thexfactor]

For once the rumours came true, Good move by google .... good that google got it insted of the other drm infected companies.

 

[RiO]

If you can't beat them and you have an unlimited supply of funds, buy 'em Google will probably end up gobbling up all companies that it can't beat... Google Video just couldn't cope with YouTube.

 

[hunt3r]

Its gonna cost them a lot more once all the lawsuits are settled

 

[TheMask]

Shucks.. never knew YouTube was a $1.65billion company!!

 

[Nikhil]

Its gonna cost them a lot more once all the lawsuits are settled

what lawsuits ?? :S :S

 

[hunt3r]

^^For all the copyrighted stuff posted on youtube, and theres quite a bit of it

 

[Hacker]

^^ Youtube removes videos asap if it recives any complaints.

 

[Params7]

and something tells me Google will be more strict than youtube was when it comes to copyrighted videos.

 

[! 0 t A]

At this rate i dont think we'll have to wait till 2015 for GOOGLEZON (AS per epic2015 predictions)...

MAYBE itll come true be4 tht only!!!