AZKC
10-09-2006, 04:25 PM
The deal has been rumored for a week, and the details were pretty well leaked before it was announced after today's stock-market close.
Google will pay $1.65 billion in stock for the online video company, which has been in business for a little less than two years.
Since the company started in Hurley’s garage in February 2005, YouTube has blossomed into a cultural touchstone that shows more than 100 million video clips per day. The video library is eclectic, featuring everything from teenagers goofing off in their rooms to William Shatner singing “Rocket Man” during a 1970s TV show. Most clips are submitted by users.
CHA CHING!!!!!
Google will pay $1.65 billion in stock for the online video company, which has been in business for a little less than two years.
Since the company started in Hurley’s garage in February 2005, YouTube has blossomed into a cultural touchstone that shows more than 100 million video clips per day. The video library is eclectic, featuring everything from teenagers goofing off in their rooms to William Shatner singing “Rocket Man” during a 1970s TV show. Most clips are submitted by users.
CHA CHING!!!!!