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.
Here Are A Few Related Posts You Might Enjoy:
- Amazon.com buys Digital Photography Review
- Technorati One Billion Links
{ 1 trackback }
{ 3 comments… read them below or add one }
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).
2006-09-10 , 15:00 PDT (Vancouver, Los Angeles, Tijuana, Yukon).
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.
Yeah, what does it mean for the user community, Macki?
Good things!