Its confirmed. Google buys youtube for $1.6 billion
SAN FRANCISCO (MarketWatch) – Google inc. said Monday it’s buying No. 1 Internet video sharing Web site YouTube inc. for $1.65 billion in stock. The deal is regarded as a largely defensive one that leapfrogs Google into a leading role in a burgeoning Internet marketplace. moreover, the Google/YouTube deal highlights how Google /quotes/comstock/15*!goog/quotes/nls/goog (GOOG 579.54, -1.60, -0.28%) , Yahoo inc. /quotes/comstock/15*!yhoo/quotes/nls/yhoo (YHOO 16.32, -0.21, -1.27%) and other Internet companies are betting heavily on video to attract more customers and generate more advertising revenue. Indeed, many analysts chiming in on the deal Monday suspect Google’s competitors will now seek to buy YouTube-wannabes in order to keep pace with their rival. On Monday, the boards of directors of both Google and YouTube approved the terms of the deal, which was announced after the market closed for the day.
ran 0.01 km on 23/5/2010 at 10:38 AM with a pace of 26'11"/km
http://go.nike.com/04ude668
Google Reveals Ad Revenue Splits Google revealed for the first time how it splits advertising revenue with search and content publishers, a move made in response to calls from publishers and regulators for greater transparency.
…with his mouth sewn shut, he still shakes his butt ’cause he’s hitler, swayze, trump, and travolta!
And Sunny what about your Empire