Final: Google has bought Youtube for $1.65 billion

It’s not a rumor anymore. From the Google Press Center:

Google Inc. announced today that it has agreed to acquire YouTube, the consumer media company for people to watch and share original videos through a Web experience, for $1.65 billion in a stock-for-stock transaction. Following the acquisition, YouTube will operate independently to preserve its successful brand and passionate community.

I guess the fact that Youtube will operate independently actually calms me down. I thought this service was going to be merged in Google Video.

From the same press release:

When the acquisition is complete, YouTube will retain its distinct brand identity, strengthening and complementing Google’s own fast-growing video business. YouTube will continue to be based in San Bruno, CA, and all YouTube employees will remain with the company.

And the after-the-sale message from Youtube’s co-founders :

If you ask me, they seem gay.

Published by

Cristian Mezei

I am myself.

One thought on “Final: Google has bought Youtube for $1.65 billion”

  1. Wont YouTube have the same destiny as Napster? 90% of it’s content is copyrighted materials, but companies are not so interested on it’s money so far.

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