YouTube bought by Google for $1.65 billion
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YouTube bought by Google for $1.65 billion
A portion of the $1.65 billion will be distributed among those who contributed uploaded videos based on ratings by registered YouTube members. Just kidding.
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0==WW==0
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Originally Posted by SFGate.com
A casual meal at Denny's last week set the stage for YouTube Inc.'s $1.65 billion sale to Google Inc.
Over plates of eggs and chicken strips, YouTube co-founders Chad Hurley and Steve Chen met with Google Chief Executive Officer Eric Schmidt and co-founder Larry Page, jump-starting the whirlwind negotiations that culminated in a stock deal on Monday.
It marked the largest acquisition yet for Google, as well as the biggest purchase in the fast-growing market for online video, photo sharing and social networking sites commonly referred to as Web 2.0.
YouTube has been the video sharing industry's front-runner, having played a significant role in turning the Web into a destination for video entertainment. The San Bruno company's Web site plays more than 100 million clips a day, from 39 seconds of a snoring geriatric cat to snippets of "The Daily Show With Jon Stewart."
In an interview Tuesday, Hurley and Chen discussed their reasons for selling the company, the changes to come, the dot-com bubble and that fateful meeting at Denny's.
Over plates of eggs and chicken strips, YouTube co-founders Chad Hurley and Steve Chen met with Google Chief Executive Officer Eric Schmidt and co-founder Larry Page, jump-starting the whirlwind negotiations that culminated in a stock deal on Monday.
It marked the largest acquisition yet for Google, as well as the biggest purchase in the fast-growing market for online video, photo sharing and social networking sites commonly referred to as Web 2.0.
YouTube has been the video sharing industry's front-runner, having played a significant role in turning the Web into a destination for video entertainment. The San Bruno company's Web site plays more than 100 million clips a day, from 39 seconds of a snoring geriatric cat to snippets of "The Daily Show With Jon Stewart."
In an interview Tuesday, Hurley and Chen discussed their reasons for selling the company, the changes to come, the dot-com bubble and that fateful meeting at Denny's.
0==WW==0
"…axles of evil…" - george w. bush
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Originally Posted by Wingless Wonder
A portion of the $1.65 billion will be distributed among those who contributed uploaded videos based on ratings by registered YouTube members. Just kidding.
"Hey lets meet at Denny's, i hear they have free WiFi" "And some mean eggs with chicken strips"
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Originally Posted by TurnWRX
google's gonna get sued like crazy with all the copyright videos found on youtube
hmm, good point, I hope YouTube wont suck now, prolly will
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youtube sucks my butt. too many people post completely pointless crap so they can get there 15 seconds of jackass fame and half the time they have tags for there video that aren't even what it's about so when you look something up you have to sift through a bunch of emo losers' crap to find anything good.
I remember when you could find any UFC fight or cartoon ever... thats all coming to an end now that theres a larger being to sue. Its all gonna be whining emo kids and *** shaking 16 year olds.
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$1.65 billion of Google Stock, not just yummy money. Not sure the exact details, because they aren't public (at least not yet - it won't be finalized for a couple months), but they might not be able to just sell it all and reep the benefits. Hell, I wouldn't want to sell that much Google stock, because it might be worth $5 billion in a year.