« A Concise Guide to the SWF File Format | ^ Main | Inspiron 9400 ROCKS! »
Google drops the dollars on You Tube
Another major deal for a site that could’ve been built in a week and a half. :-( I guess we need to stop all client work and build one of these so that site can get bought out. :-) lol.
BTW, it was for 1.65 BILLION. It is a stock deal so it is tax free. I wonder if, after this deal, someone will consider Facebook’s request for 2 Billion (or whatever ridiculous amount it was).
You can read more (and hear for a short time) about the call between Google and You Tube over at Techcrunch.
Posted by John C. Bland II on October 10, 2006 9:13 AM | Permalink
TrackBack
TrackBack URL for this entry:
http://mt.katapultmedia.com/mt-tb.cgi/234
Comments
Haha and YouTube doesn’t even generate any profits. I’m not 100% on these types of acquisitions. But I guess Google has the cash and already has a free video service which they can now integrate to make them the dominant player in online video sharing segment.
It’s still crazy.. oh well it’s time we build something and get acquired :)
Posted by: Jim Jeffers | October 10, 2006 11:56 AM