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Tuesday October 10, 2006 5:28 am

YouTube Acquired By Google For $1.65 Billion

Posted by Andru Edwards Categories: News,

Yup, you read that right. In what can only be described as a puzzling move, Google has purchased YouTube in an all-stock $1.65 billion acquisition. No word yet on what this means for Google Video and YouTube. Will the two services merge? Continue to be their own thing? What does Google have to gain from buying a service that is essentially a farm for stealing intellectual property? Look for these questions to be answered in the coming weeks and months. For now, you can ponder what it is about YouTube that drove Google to spend more on this service than it has on any other purchase to date. Either way, congratulations are in order for the YouTube founders and investors.

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They did make something marvelous out of it.


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