Well, I might be a few hours late to blog about this news, but it’s still worth writing. Google has finally ended the speculation of acquiring youtube.com, which already been raised over and over again for the past few months.
Seeing youtube is already serving more than 100 million videos everyday, Google decided to be the leader of online video hosting service in a quick way – by acquiring youtube.com for USD$1.65 Billion! In other words, in this purchase Google has beaten the potential buyers included Yahoo and Microsoft Corp. and media giants News Corp., owner of MySpace.com, and MTV owner Viacom Inc.
This is by far the most expensive acquisition made by Google in the past 8 years. For a 19 months old company, 1.65 Billion is A LOT! Anyway, I have no doubt this is going to be a wise investment judging from the huge market share youtube has already captured and the potential of integrating Google’s own video search functionality into youtube’s gigantic video database.
By the way, Google is not going to put a new name on youtube as they will remain its brand and all the employees, including the two founders Chad Hurley, 29, and Steve Chen, 27.
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