Google acquires video site YouTube for $1.65 billion

Print the article

This entry was posted on 10/9/2006 1:42 PM and is filed under Technology '06 - 02.



(Reuters) - Web search Google Inc. on Monday said it agreed to acquire top video entertainment site YouTube Inc. for $1.65 billion 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 Web sites at more than $1 billion, combines two of the most popular Internet brands: Google, synonymous with Web search and rapid innovation, and YouTube, a Silicon Valley upstart that has spearheaded the video-sharing craze. 




 

 
Trackbacks
Trackback specific URL for this entry
  • No trackbacks exist for this entry.
Comments
    • No comments exist for this entry.
Leave a comment

Submitted comments will be subject to moderation before being displayed.

 Enter the above security code (required)

 Name

 Email (will not be published)

 Website

Your comment is 0 characters limited to 3000 characters.