Google Snatches Up YouTube for $1.65B

[sabret00the]

The founders of YouTube Inc. built this year's standout Web phenomenon by figuring out how to make online video sharing easier than ever. What they hadn't yet figured out was making money from their site. Google Inc. took that problem off their hands Monday, by agreeing to buy the site for $1.65 billion.

"This is the next step in the evolution of the Internet," Google Chief Executive Officer Eric Schmidt said during a conference call Monday.

Source:*www.latimes.com/technology/ats-ap_...?coll=sns-ap-toptechnology&ctrack=1&cset=true

 

[paul_007]

gr8 news....

 

[jz2linkinpark]

nice...but why didn't they just stick to google video?

 

[Fastlove]

1.Cause this way they get a very big part of the market in their backyard. Google video didn't have the market success that YouTube had.
2. Because they have the money to buy it

 

[hard_rock]

Then dint the work, energy and money invested to develop Google Video got wasted????

 

[JGuru]

@SabretOOthe, I have already posted the news Click here

Your's is old news now!! Have a look at what's being already posted before posting any news!!

 

[sabret00the]

@SabretOOthe, I have already posted the news Click here

Your's is old news now!! Have a look at what's being already posted before posting any news!!

hey bro dont get so angry...I have seen ur post but u said google is all set to buy YouTube Inc. and so was ms and others as well.I had posted that google snatched YouTube Inc. from the competition.

 

[Fastlove]

Then dint the work, energy and money invested to develop Google Video got wasted????

Well, they tried it, cause it really was a nice ideea, but the competition proved to be better. So instead of fighting for a half-dead project, better buy up the competition and start making real money.

Seems like a good strategy to me

 

[altimate]

Lets hope google coms up with dacombination of the features of utube and google videos and in the end we would b benefitted..................

 

[Fastlove]

I'm afraid that Google will have a more restrictive policy of the content of submissions and this way, one of the biggest archives of short movies will go to hell