Google Buys YouTube

October 10, 2006 – 9:59 am |

Google - YouTubeSo the rumours were true and Google has officially announced that it will be acquiring YouTube 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. YouTube

» Posted in: Web, Tech & Design
  • http://samsoum-usa.blogspot.com/ samsoum

    Google could not bear being #5 in such a popular market where YouTube is getting 100 Millions downloads a day. Google’s vision is to be #1 web site destination for consumers so it can put its adSense machine in play. Nevertheless it has to deal with the legal hurdle of copyright/child protection…etc.
    I posted an article yesterday about this at http://samsoum-usa.blogspot.com/2006/10/google-said-to-buy-youtube-for-16b.html

Subzero Blue is the personal weblog of Mohamed Marwen Meddah: a web enthusiast, founder of StartUpArabia, amateur photographer & blogger.
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