Google To Buy Youtube?
Rumors are circulating now on a number of blogs, Including TechCrunch, that google are preparing to make a purchase attempt on youtube for their predicted value of $1.5 billion.
Youtube have been in many talks with companies interested in buying them, Usually the issue that got in the way of a sale is probably youtubes predicted future problems with copyright infringement issues, Something im sure will not worry google in the slightest.
A quick phone call to a VC confirmed that the rumor is circulating (he also confirmed the price), but that is far from confirmation that this deal is happening.
I will keep you posted on this as more information comes out.
Update;
The Wall Street Journal run a story stating Google are "in talks to acquire popular video-sharing site YouTube Inc. for roughly $1.6 billion, according to a person familiar with the matter. The discussions are still at a sensitive stage and could well break off, this person says."
A purchase of YouTube could give a big boost to the online video efforts of Google. YouTube commanded 46% of visits to U.S. online video sites in August, according to market research firm Hitwise. That compared to a 23% share for the video activities of News Corp.'s MySpace social-networking site, and 10% for Google Video.
This entry was posted
on Friday, October 06, 2006 at 10/06/2006.
You can skip to the end and leave a response.
Post a Comment