Google and YouTube acquisition talks

by DJ Neawedde | 6th October 2006

According to the Wall St. Journal, Google “is in talks to acquire popular video-sharing site YouTube Inc. for roughly $1.6 billion, according to a person familiar with the matter.

It is also true that YouTube has had informal talks with a number of companies about acquisition in the $1.5 - $2 billion range. There were no comments from YouTube and a Google spokesman said, “We don’t comment on rumors and speculation.”

This all comes after the News.com article in which Mark Cuban is quoted as saying “anyone who buys YouTube is a moron”, adding “they are just breaking the law, the only reason it hasn’t been sued yet is because there is nobody with big money to sue”.

Related Posts

Google buys YouTube for $1.6 billion

uTube.com for $1 million? No way.

Verizon, YouTube to bring web videos to mobile phones, TV

Hand Picked Links

Why MySpace Video can’t defeat YouTube

Facebook aquires Parakey from former Firefox developers

One Response to “Google and YouTube acquisition talks”

1. Google buys YouTube for $1.6 billion at Ministry of Tech Says:
   

   […] What was only a rumor just days ago is now a confirmed deal. In their largest acquisition ever, Google has acquired YouTube for $1.65 billion in an all stock transaction. […]

   October 9th, 2006 at 6:22 pm

Leave a Reply

Google and YouTube acquisition talks

by DJ Neawedde | 6th October 2006

According to the Wall St. Journal, Google “is in talks to acquire popular video-sharing site YouTube Inc. for roughly $1.6 billion, according to a person familiar with the matter.

It is also true that YouTube has had informal talks with a number of companies about acquisition in the $1.5 - $2 billion range. There were no comments from YouTube and a Google spokesman said, “We don’t comment on rumors and speculation.”

This all comes after the News.com article in which Mark Cuban is quoted as saying “anyone who buys YouTube is a moron”, adding “they are just breaking the law, the only reason it hasn’t been sued yet is because there is nobody with big money to sue”.

Related Posts

Google buys YouTube for $1.6 billion

uTube.com for $1 million? No way.

Verizon, YouTube to bring web videos to mobile phones, TV

Hand Picked Links

Why MySpace Video can’t defeat YouTube

Facebook aquires Parakey from former Firefox developers

One Response to “Google and YouTube acquisition talks”

1. Google buys YouTube for $1.6 billion at Ministry of Tech Says:
   

   […] What was only a rumor just days ago is now a confirmed deal. In their largest acquisition ever, Google has acquired YouTube for $1.65 billion in an all stock transaction. […]

   October 9th, 2006 at 6:22 pm

Leave a Reply