Google Buys YouTube for $1.65 Billion
An AP newswire article, via MSNBC, reports that:
Google Inc. snapped up YouTube Inc. for $1.65 billion Monday in deal that catapults the Internet search leader to a leading role in the online video revolution.More here.
The all-stock acquisition unites one of the Internet’s marquee companies with one of its rapidly rising stars.
The price makes YouTube, a still-unprofitable startup, by far the most expensive purchase made by Google during its eight-year history.
posted by Fergie @ 10/09/2006 02:14:00 PM
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