Google Acquires YouTube
According to CNNMoney.com, less than an hour ago, after the closing bell on Wall Street, Google announced the acquisition of YouTube for $1.65 billion.
Speculation about a possible acquisition started early Friday morning. As we reported Saturday morning, the deal was imminent.
Congrats to the YouTube team! A liquidity event 20 months after start-up. Wow!
Pierre Cutler
The Sacramento Executive
Comments
the bubble is back....
why?
Finally we have the convergence of:
1. Mobile Internet
2. Broadband Internet
2006 The Year of Video on the Internet!
Posted by: geof | October 9, 2006 4:44 PM