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Google Buys YouTube for $1.65 Billion

Posted by ryuzaki0 on from the let-the-gootube-jokes-begin dept.

Over 30 readers wrote about Google's purchase of YouTube today for $1.65 Billion, as rumored last week. The all-stock transaction is the single largest purchase in the company's 8-year history. The move follows on the heels of Google's convincing Sony and Warner Music to put music videos online for free. Reportedly, YouTube will retain its brand and all its 67 employees, including co-founders Chad Hurley and Steve Chen.

1 of 424 comments (clear)

  1. So ungoogle by Anonymous Coward · · Score: 5, Interesting

    This is so ungoogle. Google builds, not buys. Google indexes, not serves. Google already had a video service.

    Google is jumping the shark.