Monday, October 9, 2006

Google Buys YouTube

There you go – the rumors of a Google YouTube acquisition have been verified now with an official press release:

Google announced today that it has agreed to acquire YouTube, the consumer media company for people to watch and share original videos through a Web experience, for $1.65 billion in a stock-for-stock transaction. Following the acquisition, YouTube will operate independently to preserve its successful brand and passionate community.

Or, as Tony Ruscoe comments: “Holy crap!”

Join the discussion in the forum.

[Thanks Pd, Huw, Yannick Stucki and Brinke Guthrie!]

Google Buys YouTube by Philipp Lenssen

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