Google Buys YouTube For 1.6 Billion

by Scott Beale on October 9, 2006 · 8 comments

YouTube

Well, the rumors were true, Google just bought the online video sharing service YouTube for 1.6 billion in stock. TechCrunch has more info on the deal, which ended up being a bidding war between Google and Yahoo. Personally I think this is great news for smaller, more community oriented online video services like Revver and Blip.tv, which now have even more room to grow and evolve.

UPDATE: YouTube founders Chad Hurley and Steve Chen have uploaded a video about the buyout.

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- CBS Aquiring CNET For $1.8 Billion

filed under Google

Written by Scott Beale

Scott has written 4381 posts on Laughing Squid.

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{ 1 trackback }

PlagiarismToday
March 27, 2007 at 2:50 pm

{ 3 comments… read them below or add one }

1 synthetron October 9, 2006 at 5:17 pm

Please join us in the collaboratively filtered realtime discussion:

TOPIC: google youtube

START TIME:

2006-10-10 , 00:00 CEST (Brussels, Paris, Rome, Madrid, Stockholm).
2006-09-10 , 23:00 BST (London, Dublin, Lisbon).
2006-09-10 , 18:00 EDT (New York, Detroit, Toronto, Montreal).
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TO JOIN:

go to the following url:

https://www.synthetron.com/account/tag/conversation/googleyoutube

Confirm [yes] to the security warning and follow the instructions.
(In some companies a proxy login dialog box will appear. You then need to type your company internet username and password).

YOU NEED:

A Java plugin installed on your browser.

Reply

2 Eddie October 9, 2006 at 11:05 pm

Yeah, what does it mean for the user community, Macki?

Reply

3 Macki October 17, 2006 at 9:26 pm

Good things!

Reply

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