October 9, 2006
Google to Purchase You Tube for $1.65 B
From the NYT:
Google Inc. agreed to buy YouTube Inc. for $1.65 billion Monday. The price makes YouTube, a still-unprofitable startup, by far the most expensive purchase made by Google during its eight-year history.
Wonder how the Harvard Business School folks will write this up on intangible financial valuation cases. Should be interesting.
And what will it mean for bloggers who place free videos on Google and You Tube. Will there be pricing later since bloggers do not own the content when they put their videos on You Tube? Google has begun to charge for views of certain talk shows beyond the same day. Example: Charlie Rose Show.