Google Buys YouTube… for Free!

Google agreed to buy privately-held YouTube Inc. in an all-stock deal worth about $1.65 billion.

Rumored since last week, the news drove Google’s stock up $8.50 today, following Friday’s nice point gain.

Given Google’s 215 million share float, this acquisition was essentially free.

The deal instantly catapults Google to the top of the pile in the fast growing world of online video. And if anyone can figure out how to monetize serving ads to YouTube’s users, its Google.

Advertisements

Tags:

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: