10-10-2006, 03:23 PM
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Hummer Messiah
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Join Date: Apr 2003
Location: Virginia Beach
Posts: 37,474
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Google gobbles You Tube
Wow. Only on the web for two years. I mean... just WOW!!!!
Good for these guys.
http://www.stuff.co.nz/stuff/0,2106,3824039a28,00.html
Quote:
Google gobbles up You Tube for $2.5b
10 October 2006 
SAN FRANCISCO: Web search leader Google Inc has agreed to acquire top video entertainment site You Tube for $US1.65 billion (NZ$2.5b) in stock, putting a lofty new value on consumer-generated media sites.
The deal, the first to value one of the new crop of user-participation websites at more than $US1 billion, combines two of the most popular internet brands: Google, synonymous with web search and rapid innovation, and You Tube, a Silicon Valley upstart that has spearheaded the video-sharing craze.
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