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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October 10th, 2006 at 8:17 pm
cha cha ching…..$$$$
that is a lot of money for those 2 young dudes
October 11th, 2006 at 12:07 pm
That’s hell lot of money! Wahhaha…
October 11th, 2006 at 12:56 pm
@Wahlau : No doubt, they are really some super lucky dudes!
@Neo : Agree!
October 11th, 2006 at 5:20 pm
Bryan, how come your link to your plugin page returns a 404? you took it off already ah?
October 11th, 2006 at 5:41 pm
Ah Pek, sorry about that. I have updated the link, it’s working fine now. Thank you for pointing it out too.
October 11th, 2006 at 7:31 pm
RM6bil….
October 17th, 2006 at 11:34 pm
135454 Blog Verification
135454
October 31st, 2006 at 4:41 pm
Hi Bryan, I finally got my wordpress/adsminded site working properly, now I am ready for bigger things
Thanks for all your help
A case of beer for you with the first check - lol
Cheers, Mate
Hal