Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Google says it will buy YouTube for $1.65 billion in stock

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Latest Breaking News Donate to DU
 
Roon Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-09-06 04:24 PM
Original message
Google says it will buy YouTube for $1.65 billion in stock
SAN FRANCISCO - Google today said it will buy YouTube for $1.65 billion in stock in a deal that unites one of the Internets marquee companies with one of its rising stars.

A YouTube representative said the startups primary spokeswoman wont be available for comment until after the stock market closes.

A partner for the venture capital firm Sequoia Capital, which owns about 30 percent of privately held YouTube, also was unavailable for comment Monday because he was tied up in a meeting. Sequoia was an early investor in Google and retains a seat on the companys board of directors.

http://www.msnbc.msn.com/id/15196982/
Printer Friendly | Permalink |  | Top
rainbow4321 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-09-06 04:25 PM
Response to Original message
1. Google seals deal for YouTube
http://www.dallasnews.com/sharedcontent/dws/bus/stories...

Google Inc. snapped up YouTube Inc. for $1.65 billion Monday in deal that catapults the Internet search leader to a leading role in the online video revolution.

The all-stock acquisition unites one of the Internets marquee companies with one of its rapidly rising stars.

The price makes YouTube, a still-unprofitable startup, by far the most expensive purchase made by Google during its eight-year history.

Although some cynics have questioned YouTubes staying power, Google is betting that the popular Web site will provide it an increasingly lucrative marketing hub as more viewers and advertisers migrate from television to the Internet.

Printer Friendly | Permalink |  | Top
 
SteppingRazor Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-09-06 04:27 PM
Response to Original message
2. Yeah, but isn't Google stock way inflated right now?
So, thusly, isn't YouTube getting a raw deal?
Printer Friendly | Permalink |  | Top
 
Sen. Walter Sobchak Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-09-06 04:49 PM
Response to Original message
3. What could YouTube possibly be worth?
It is a bigger cesspool than MySpace.
Printer Friendly | Permalink |  | Top
 
tkmorris Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-09-06 05:25 PM
Response to Reply #3
4. Huh?
Are you talking about the right website?
Printer Friendly | Permalink |  | Top
 
Sen. Walter Sobchak Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-09-06 05:40 PM
Response to Reply #4
6. I think so,
YouTube - a massive collection of unlicensed clips of the chapelle show and misc drunken bullshit.
Printer Friendly | Permalink |  | Top
 
Tom Yossarian Joad Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-09-06 06:14 PM
Response to Reply #6
7. Guess it matters what search terms you use?
Printer Friendly | Permalink |  | Top
 
hang a left Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-09-06 08:53 PM
Response to Reply #7
11. lol
Printer Friendly | Permalink |  | Top
 
tkmorris Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-09-06 06:26 PM
Response to Reply #6
8. Well sure, there's lots of that
Just like the web as a whole, there is an awful lot of trash, which is to be expected when you open the door to anyone to contribute content. Just like the web however, it is a tremendous resource if you figure out how to use it.
Printer Friendly | Permalink |  | Top
 
Placebo Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-09-06 10:43 PM
Response to Reply #6
15. Yikes, what a horribly characterization.
All I use YouTube for is searching for rare or hard to find musical performances, and the occasional Family Guy clip for a chuckle.
Printer Friendly | Permalink |  | Top
 
malmapus Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-10-06 11:38 AM
Response to Reply #15
19. ROCK LOBSTER
Printer Friendly | Permalink |  | Top
 
sofa king Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-09-06 09:05 PM
Response to Reply #3
13. A couple of months ago I heard it was losing $1 million a day.
That was mostly the losses from the bandwidth costs. I remember at the time saying they must be looking to be bought, because it is a cinch to tack a fifteen-second commercial at the beginning and end of each one of those files and make a mint off of it.
Printer Friendly | Permalink |  | Top
 
Stu DeBeouf Donating Member (144 posts) Send PM | Profile | Ignore Mon Oct-09-06 05:25 PM
Response to Original message
5. G'Bye You Tube....
Once the money a$$holes start sniffing around, death is nearby. They'll try to make it "pay-for" and it will be dead in weeks...maybe months. RIP.
Printer Friendly | Permalink |  | Top
 
rocktivity Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-09-06 07:24 PM
Response to Reply #5
9. Oh, what a sig graphic!
Bad Stu DeBeouf! BAD!!!

:spank:
rocknation
Printer Friendly | Permalink |  | Top
 
slaveplanet Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-09-06 08:47 PM
Response to Reply #5
10. I believe this is the real reason for this move
Edited on Mon Oct-09-06 08:53 PM by slaveplanet
It could go pay...

but more realisticly.

Google is a police state company.

Google video censors...In a very sneaky way, by keeping videos they object to, from going "viral" by resetting the hit count.

You tube largely hasn't, unless they get a nudity, inciting hate/violence, or copyright violation complaint.

Expect google type censorship to infect You tube in short order.

Printer Friendly | Permalink |  | Top
 
puffthemagicdragon Donating Member (163 posts) Send PM | Profile | Ignore Tue Oct-10-06 11:44 AM
Response to Reply #5
20. youtubies will just find another place
if it becomes pay I am sure people will just start posting their vid clips elsewhere. This certainly happened fast though..youtube seems to have only been around a year or so and just picking up steam in the last 6 months. I am not sure what googles intentions are other than the traffic that goes there. Here goes another Napster.
Printer Friendly | Permalink |  | Top
 
TheBaldyMan Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-09-06 08:55 PM
Response to Original message
12. I heard on the BBC that the deal had gone through
Google now owns YouTube, BBC Newsnight had a report on it tonight. Expect a clampdown on copyright infringements - no more lipsync vids :(
No more TDS clips :cry:
No more Simpsons/South Park cartoons.

No more YouTube. :grr:
Printer Friendly | Permalink |  | Top
 
silko Donating Member (105 posts) Send PM | Profile | Ignore Tue Oct-10-06 09:02 AM
Response to Reply #12
16. deleted
Edited on Tue Oct-10-06 09:06 AM by silko
Printer Friendly | Permalink |  | Top
 
silko Donating Member (105 posts) Send PM | Profile | Ignore Tue Oct-10-06 09:05 AM
Response to Reply #12
17. You can get all Simpsons/South Park cartoons
Printer Friendly | Permalink |  | Top
 
cyberpj Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-09-06 09:25 PM
Response to Original message
14. And just last month: "Google 'eager' to work with Republicans"
Edited on Mon Oct-09-06 09:26 PM by cyberpj
Google is "eager" to work with the Republican Party and has boosted its presence in Washington, D.C., according to Roll Call.

"Google, one of the fastest-growing companies in Silicon Valley, is ramping up its political clout in Washington, D.C., while taking a series of steps to court Republicans," report Tory Newmyer and Paul Kane for Roll Call. "The company is filing paperwork today to open its first-ever political action committee, and later this month, it will make an endangered GOP incumbent the beneficiary of its first-ever Washington fundraiser."

"The search-engine giant this month also deepened its ties to Republicans by inking a deal with former GOP Sens. Dan Coats (Ind.) and Connie Mack (Fla.) to lobby on its behalf," the article continues.

http://www.rawstory.com/news/2006/Roll_Call_Google_eage...


Printer Friendly | Permalink |  | Top
 
NashVegas Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-10-06 10:37 AM
Response to Original message
18. YouTube & Google Made Huge Deals With Labels Also
Both SONY BMG and UNIVERSAL MUSIC GROUP have signed deals offering YOUTUBE and its users access to thousands of videos on YOUTUBE from SONY BMG's and UMG's extensive artist rosters. Both companies will allow YOUTUBE users to incorporate music from their recorded music catalog into the videos they create and upload onto YOUTUBE.

UMG and its artists will be compensated not just for UMG produced videos but also for the unique, user-created content that incorporates UMG music. SONY BMG and YOUTUBE will share revenue from advertising on all SONY BMG music videos that incorporate audio and audiovisual works from the SONY BMG library.


Meanwhile,

Sony BMG, Warner Music Group And Google Ink Video Deals
SONY BMG and WARNER MUSIC GROUP and online giant GOOGLE have announced strategic business relationships designed to give GOOGLE users the ability to stream on-demand SONY BMG and WMG's extensive music video collection for free, through an ad-supported revenue sharing agreement, or to purchase videos online for download for $1.99.


http://www.allaccess.com/
Printer Friendly | Permalink |  | Top
 
Xenotime Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-10-06 11:56 AM
Response to Original message
21. Google has gotten too big.
When are we going to tax these a-holes. Their PPC campaigns are the biggest rip offs, they do everything in secret and make no announcements when their algorythm is going to change. I have talked to people and companies where they ruined companies because they tweaked the way searches are displayed. And good luck getting a phone call to them.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Mon Dec 22nd 2014, 04:35 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Latest Breaking News Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC