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Google will Aqquire YouTube
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Author:  Andrew [ Mon Oct 09, 2006 9:15 am ]
Post subject:  Google will Aqquire YouTube

Google will Aqquire YouTube

Google, the Internet's leading search engine, announced Monday that it is buying popular online video site YouTube for $1.65 billion in stock.

YouTube, which was founded in February 2005, has quickly become the most well-known of several online video sites. More than 100 million videos, many of which are short videos created by the site's users, are downloaded a day on the site.

According to Internet research firm Hitwise, YouTube has about a 46 percent share of the online video market.

For Google (Charts), the purchase of YouTube gives the company the ability to tap into the potentially lucrative online video and social networking markets. Some analysts have criticized Google for relying too much on advertising tied to keyword searches.

The combination of Google and YouTube could further strengthen Google's dominance in online advertising, giving it an edge over rivals such as Yahoo!, Microsoft's MSN and News Corp., which owns the social networking site MySpace. Some analysts said Monday that Yahoo, Microsoft and News Corp. also had probably expressed interest in buying YouTube.

In a statement, Google said that YouTube will operate as an independent unit of Google once the deal closes and will retain the YouTube brand name. The companies added that no YouTube workers will lose their jobs as a result of the acquisition and that Google will maintain its own online video business.
- CNN Money




Update: http://www.theinquirer.org/default.aspx?article=34899 states that this report is only a rumour, however at the source site http://money.cnn.com/2006/10/09/technology/googleyoutube_deal/index.htm?cnn=yes it clearly states this report as fact. I'd take it with salt, untill it can be confirmed.

Author:  blahsucks-two [ Mon Oct 09, 2006 10:43 am ]
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What the...

Looks like we have another victim to the Internet Trinity (Yahoo/MSN/Google)'s Web 2.0 purchase spree.

Author:  ___ [ Mon Oct 09, 2006 11:23 am ]
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my life is over :roll:

Author:  Andrew [ Mon Oct 09, 2006 1:49 pm ]
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http://www.theinquirer.org/default.aspx?article=34899 states that this report is only a rumour, however at the source site http://money.cnn.com/2006/10/09/technology/googleyoutube_deal/index.htm?cnn=yes it clearly states this report as fact. I'd take it with salt, untill it can be confirmed.

Author:  moonlit [ Mon Oct 09, 2006 4:46 pm ]
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According to the BBC and a video on YouTube by what appears to be the creators of YouTube this is completely true, sold for the total sum (according to the BBC) of $1.65bn

Author:  kichimi [ Mon Oct 09, 2006 4:57 pm ]
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I used to love youtube, are they gonna keep the name or chang it? lol, GoogleTube

Author:  moonlit [ Mon Oct 09, 2006 8:46 pm ]
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Eww! It's GooTube!

Author:  kichimi [ Tue Oct 10, 2006 1:01 am ]
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moonlit wrote:
Eww! It's GooTube!

Really?!? =|

Author:  mastertr [ Wed Oct 11, 2006 9:03 am ]
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It's official, Google now owns YouTube -_-. I hope they don't make it suck like Google Video does...

Author:  JohnDoe5808 [ Sat Oct 21, 2006 2:41 pm ]
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They'll probably merge the two services under the Google Video name.

Author:  kichimi [ Sat Oct 21, 2006 8:44 pm ]
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Nothings changed yet, not even the copyright at the bottem

Author:  casablanca [ Sat Oct 21, 2006 11:25 pm ]
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The Coluseeum in Rome wasn't destroyed in a day.

Author:  kichimi [ Sat Oct 21, 2006 11:42 pm ]
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casablanca wrote:
The Coluseeum in Rome wasn't destroyed in a day.

Nice way to put it lol

Author:  Frozenport [ Sun Oct 22, 2006 3:59 am ]
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It was never really destroyed but there was a day it was abandoned... :D

Author:  kichimi [ Sun Oct 22, 2006 4:22 am ]
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:O i hope they dont abandon it!

Author:  Jeff [ Sun Oct 22, 2006 4:54 am ]
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i just saw a google text add on there yesterday, i dunno if they were there before, but that could be a sign of the merger.

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