iandean
10-10-2006, 04:53 PM
From BBC News
Google buys YouTube for $1.65bn
YouTube is growing in popularity
Google is buying video-sharing website YouTube for $1.65bn (£883m) in shares after a weekend of speculation that a deal was in the offing.
The two companies will continue to operate independently, Google said as it announced the news on Monday.
YouTube, launched in February 2005, has grown quickly into one of the most popular websites on the internet.
It has 100 million videos viewed every day and an estimated 72 million individual visitors each month.
http://news.bbc.co.uk/1/hi/business/6034577.stm
Check out a statement by the founders of You Tube at http://www.youtube.com/watch?v=QCVxQ_3Ejkg
£883m quid eh...not bad for a loss making company. How much would they have got if they were making money ?
Google buys YouTube for $1.65bn
YouTube is growing in popularity
Google is buying video-sharing website YouTube for $1.65bn (£883m) in shares after a weekend of speculation that a deal was in the offing.
The two companies will continue to operate independently, Google said as it announced the news on Monday.
YouTube, launched in February 2005, has grown quickly into one of the most popular websites on the internet.
It has 100 million videos viewed every day and an estimated 72 million individual visitors each month.
http://news.bbc.co.uk/1/hi/business/6034577.stm
Check out a statement by the founders of You Tube at http://www.youtube.com/watch?v=QCVxQ_3Ejkg
£883m quid eh...not bad for a loss making company. How much would they have got if they were making money ?