Mapping The Web

October 10, 2006

It’s Official - Google Buys YouTube

Filed under: video, strategy, acquisitions — Aidan @ 1:28 am

Within hours of my previous post, it was official Google bought YouTube. The price tag - $1.65 billion in Google stock. This price was nearly equal to all of Google’s previous acquisitions combined.

Apparently, Yahoo was deep in talks with YouTube as well, right until the bitter end. However, YouTube elected to accept Google’s offer. Chad Hurley, CEO of YouTube, believes that Google has the resources and engineering team to help the video start-up realize its goal of providing the highest quality video experience on the net.

I think it’s a good fit, but I look forward to the upcoming discussions in the blogosphere.

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