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by: Staff
posted: Internet
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10/09/2006

Confirmed: Google Buys YouTube for $1.65B

Google officially announced today that they will acquire video sharing giant YouTube for approx. $1.65-billion. This deal is expected to close by the end of Q4. What are your thoughts?

YouTube will continue to retain its brand, its new headquarters in San Bruno and all 67 employees, including co-founders Chad Hurley and Steve Chen. Meanwhile, Google will continue to run a less popular video service on its own site

[via Gizmodo - Yahoo]

This entry was posted on 10/09/2006 7:05pm and is filed under Internet .
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