Google Buys YouTube -- for Free
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Google agreed to buy privately-held YouTube Inc. in an all-stock deal worth about $1.65 billion.
Rumored since last week, the news drove Google's stock up $8.50 today, following Friday's nice point gain.
Given Google's 215 million share float, this acquisition was essentially free.
The deal instantly catapults Google to the top of the pile in the fast growing world of online video. And if anyone can figure out how to monetize serving ads to YouTube's users, its Google.
Monday, October 09, 2006 | 05:53 PM | Permalink
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Listed below are links to weblogs that reference Google Buys YouTube -- for Free:
» http://www.abstractdynamics.org/linkage/archives/008506.html from linkage
The Big Picture: Google Buys YouTube -- for Free... [Read More]
Tracked on Oct 10, 2006 12:46:04 AM
» Google Buys YouTube from
Barry Ritholtz notes that Google's acquisition of YouTube was essentially free. [Read More]
Tracked on Oct 10, 2006 8:36:54 AM
» Did YouTube Cost Less Than Nothing? from DealBreaker.com
We pointed out the other day that Google had bought YouTube for about 1% of its equity. The Big Picture takes the analysis one step further, noting that after the rise in Google’s share price following the acquisition, Google essentially... [Read More]
Tracked on Oct 12, 2006 9:55:47 AM
» GooTube a go-go from Loren Steffy
Mark Cuban is eating crow over his statements about the Google-YouTube deal. Boy, I wish he'd apply that headline to his so-called journalism site, sharesleuth, too. That site, by the way, has been strangely dormant since late August. Apparently, timel... [Read More]
Tracked on Oct 12, 2006 12:42:24 PM
Comments
YEAH!! its called the NWO...i knew this was coming when i saw shmidt join the aapl board...dont even try to trace that thinking....
someone was telling me that msft has to buy yhoo now...i dont think they have the marbles....but i would like that move...
Posted by: DD | Oct 9, 2006 6:02:21 PM
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