YouTube Won't Sell For Less Than $1.5 Billion

Joel from Sydney writes "According to a report in the New York Post, YouTube has informed potential buyers it won't be sold for anything less than $1.5 billion. The report lists Viacom, Disney, AOL, eBay and News Corp as potential buyers. Given that News Corp purchased MySpace last year for $580 million, is this a realistic figure?" From the article: "YouTube's stated business model is to 'pursue advertising,' but potential advertisers might be skittish considering industry estimates that roughly 90 percent of the content viewed on its site violates copyright laws. And at least one giant, Universal Music, is threatening to sue the company if its artists' songs keep appearing there. As it tries to focus on videos that don't use content owned by media companies, it yesterday launched the YouTube Underground, a contest to 'discover the most talented unsigned bands and musicians on YouTube,' backed by Cingular Wireless, Gibson Guitar and ABC's 'Good Morning America.'"

Comments

Re:Free Speech

[14CharUsername]

You do know Clinton isn't president anymore, right? And saying "it didn't happen that way. Shame on you for fictionalizing historical events" isn't exactly censorship.

Re:1.5 huh

[Demona]

Their videos. Fuckers keep breaking videodownloader extension. And Google just did the same the other day. "Not evil?" As if.