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Old 10-09-2006, 09:25 PM   #1 (permalink)
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Default Google to buy YouTube

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BREAKING NEWS
Updated: 4:21 p.m. ET Oct. 9, 2006


SAN FRANCISCO - Google today said it will buy YouTube for $1.65 billion in stock in a deal that unites one of the Internet’s marquee companies with one of its rising stars.
A YouTube representative said the startup’s primary spokeswoman won’t be available for comment until after the stock market closes.
A partner for the venture capital firm Sequoia Capital, which owns about 30 percent of privately held YouTube, also was unavailable for comment Monday because he was tied up in a meeting. Sequoia was an early investor in Google and retains a seat on the company’s board of directors.
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The deal would be by far Google’s most expensive in its eight-year history. The lofty price underscores how important Google expects online video to become as more viewers and advertisers migrate from television to the Internet.
While it has been able to extend its lead in the lucrative search market, Google hasn’t been able to become a major player in online video.
“This gives Google the video play they have been looking for and gives them a great opportunity to redefine how advertising is done,” said Forrester Research analyst Charlene Li.

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YouTube signs content deals with big players


Investors applauded the possible acquisition as Google shares climbed $9.02, or 2.1 percent, to $429.57 during Monday’s late-afternoon trading on the Nasdaq Stock Market.
Several other suitors, including Microsoft Corp., Yahoo Inc. and News Corp., reportedly have discussed a possible YouTube purchase in recent weeks.
(MSNBC.com is a joint venture of Microsoft and NBC Universal News.)
“This deal looks pretty compelling for Google,” said Standard & Poor’s analyst Scott Kessler said. “Google has been doing a lot of things right, but they are not sitting on their laurels.”
Google’s YouTube coup may intensify the pressure on Yahoo to make its own splash by buying Facebook.com, the Internet’s second most popular social-networking site. Yahoo has reportedly offered as much as $1 billion for Palo Alto-based Facebook during months of sporadic talks.

orignal article: http://www.msnbc.msn.com/id/15196982/
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Old 10-09-2006, 09:27 PM   #2 (permalink)
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Google will control the internet someday, and I have absolutely no problems with that.
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Old 10-09-2006, 09:30 PM   #3 (permalink)
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As long as they keep it free.
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Old 10-09-2006, 09:30 PM   #4 (permalink)
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I still can't get over the fact that they've downloaded it.
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Old 10-09-2006, 09:31 PM   #5 (permalink)
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Default

I need to go buy some stock in google before they buy something else XD
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Old 10-09-2006, 10:11 PM   #6 (permalink)
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Quote:
Originally Posted by Evil_sinz View Post
I need to go buy some stock in google before they buy something else XD
$428.61 a share.

Have fun.
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Old 10-09-2006, 10:18 PM   #7 (permalink)
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okay maybe only 1 share >.>
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Old 10-09-2006, 10:32 PM   #8 (permalink)
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I really don't have any problem with this.
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Old 10-09-2006, 10:34 PM   #9 (permalink)
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until google comes to your house and copyrights the act of you searching your dresser drawers for underwear.

then you may.
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Old 10-10-2006, 12:30 AM   #10 (permalink)
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Quote:
Originally Posted by SC_Modder View Post
Google will control the internet someday, and I have absolutely no problems with that.
I agree. Google will purify all other businesses.
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Old 10-10-2006, 01:09 AM   #11 (permalink)
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Quote:
Originally Posted by gamepin126 View Post
I agree. Google will purify all other businesses.
sort of how hitler purified society by killing off the jews. business is brutal.
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Old 10-10-2006, 01:44 AM   #12 (permalink)
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Quote:
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sort of how hitler purified society by killing off the jews.
Quote:
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I really don't have any problem with this.
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Old 10-10-2006, 01:48 AM   #13 (permalink)
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Default

On the Google note, while they have exhibited a surprisengly low degree of evil to this point, monopolies are never good. Maybe now they have no bad intentions; the problem is that if they ever do in the future, they'll be in a very advantageous position.
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Old 10-10-2006, 01:56 AM   #14 (permalink)
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Just like microsoft, when companies get big, they get evil.
Google Slogan: "Don't be evil"
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Old 10-10-2006, 01:57 AM   #15 (permalink)
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the content of evil varies from human to human. just wait until they appoint a successor. sooner or later, evil will prevail.
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Old 10-10-2006, 08:56 PM   #16 (permalink)
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