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Google to assimilate YouTube (for $1.65 Billion)
Posted by: Hooz on: 10/10/2006 01:46 PM [ Print | 1 comment(s) ]
MOUNTAIN VIEW, Calif., October 9, 2006 - Google Inc. (NASDAQ: GOOG) announced today that it has agreed to acquire YouTube, the consumer media company for people to watch and share original videos through a Web experience, for $1.65 billion in a stock-for-stock transaction. Following the acquisition, YouTube will operate independently to preserve its successful brand and passionate community.
The acquisition combines one of the largest and fastest growing online video entertainment communities with Google's expertise in organizing information and creating new models for advertising on the Internet. The combined companies will focus on providing a better, more comprehensive experience for users interested in uploading, watching and sharing videos, and will offer new opportunities for professional content owners to distribute their work to reach a vast new audience.
Full PR.
The acquisition combines one of the largest and fastest growing online video entertainment communities with Google's expertise in organizing information and creating new models for advertising on the Internet. The combined companies will focus on providing a better, more comprehensive experience for users interested in uploading, watching and sharing videos, and will offer new opportunities for professional content owners to distribute their work to reach a vast new audience.
Full PR.
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terminalrecluse is home now Posts: 3802 Joined: 2004-08-07 |
#39336 Posted on: 10/10/2006 06:36 PM
I think they'll get sued out of the water (google will) for this unless they can get content producers to get on board but without a way for said producers to profit from this I doubt they will. 121 total Ghz, 304GB in total memory... Arch Linux - stable : 3930k @ 4.4Ghz, 64GB DDR3, 120GB Samsung 840, HX850 DAS - Norco 4020 - 20x Seagate 3TB, 1KW PSU FBSD 10 ZFS server - SM Chassis, SM X8DTE, 2x L5520 Xeons, 48GB Reg DDR3 ULP, IBM 5015 w/ 512MB DDR2 cache, RAID-50 - 42TB storage Dell C6100 - 4 nodes, 2 1.1KW psu's, 2x L5520s, 6x e5530s, 192GB reg DDR3 (48GB each), F@H, etc |