Google Has Acquired YouTube (Here comes the GooTube…)

Standard

This will be all over CNET and the IT world tomorrow..but You heard it here first! As of October 9th 1:30 pm Pacific Time, Google has bought YouTube for $1.65 billion in an all stock deal.

YouTube has 65 employees and was founded in early 2005. Thats 1.65 billion dollars of value generated in less than 2 years!! Yahoo was the second closest bidder..but didnt win the deal in the end. Youtube, if you dont know already, is a very popular online video sharing site, link below:

http://youtube.com

This is what I am talking about when I keep saying an innovative web application can change the world. With the right guidance, a company like YouTube could have come right out of Karachi.

Google is hosting a conference call and live webcast right now. You can join in here:

http://investor.google.com/webcast.html

For details, visit Techcrunch:

http://www.techcrunch.com/2006/10/09/google-has-acquired-youtube/

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s