Google buys YouTube for $1.65bn

Quote:

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Google is buying video-sharing website YouTube for $1.65bn (£883m) in shares after a weekend of speculation that a deal was in the offing.

The two companies will continue to operate independently, Google said as it announced the news on Monday.

YouTube, launched in February 2005, has grown quickly into one of the most popular websites on the internet.

It has 100 million videos viewed every day and an estimated 20 million individual visitors each month.

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http://news.bbc.co.uk/1/hi/business/6034577.stm


Liam

I shoulda bought google stock :p

Worth every penny :cool:

It's hard to stay away from YouTube.

You better get buying up shares in something, everybody is getting snapped up by the bigger fish....AMD and ATI, and rumours are flying around about Intel and Nvidia merging, what next Microsoft and Linux. :eek: :D


Liam

Wow from a internet video producer standpoint that is huge. I wonder if it will end up like the Yahoo/Altavista merger where both companies operate but over time the acquired one ends up dried up and hollow. Obviously in a short while google video will index the youtube video archives.
I think this will become the single biggest piece of internet history to happen this year.