Google To Acquire YouTube for $1.65 in Stock
Posted by Brice Le Blevennec | Filed under General
MOUNTAIN VIEW, Calif., October 9, 2006 – Google Inc. (NASDAQ: GOOG) announced today that it has agreed to acquire YouTube, the consumer media company for people to watch and share original videos through a Web experience, for $1.65 billion in a stock-for-stock transaction. Following the acquisition, YouTube will operate independently to preserve its successful brand and passionate community.The acquisition combines one of the largest and fastest growing online video entertainment communities with Google’s expertise in organizing information and creating new models for advertising on the Internet. The combined companies will focus on providing a better, more comprehensive experience for users interested in uploading, watching and sharing videos, and will offer new opportunities for professional content owners to distribute their work to reach a vast new audience.
Google Press Center: Press Release
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In the french speaking part of Belgium everyone knows that Brice Le Blévennec is a complete nerd. For about 9 years he hosted CyberCafe, a cult radio and TV show about technologies ranging from the Internet to video games, from electronic gadgets to music, from geek art to hollywood blockbusters...