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

[Roon]

SAN FRANCISCO - Google today said it will buy YouTube for $1.65 billion in stock in a deal that unites one of the Internet’s marquee companies with one of its rising stars.

A YouTube representative said the startup’s primary spokeswoman won’t 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 company’s board of directors.

http://www.msnbc.msn.com/id/15196982/

[rainbow4321]

1. Google seals deal for YouTube

http://www.dallasnews.com/sharedcontent/dws/bus/stories/101006dnbusyoutube.5ca03a.html

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 Internet’s 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 YouTube’s 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.

[SteppingRazor]

2. Yeah, but isn't Google stock way inflated right now?

So, thusly, isn't YouTube getting a raw deal?

[Sen. Walter Sobchak]

3. What could YouTube possibly be worth?

It is a bigger cesspool than MySpace.

[tkmorris]

4. Huh?

Are you talking about the right website?

[Sen. Walter Sobchak]

6. I think so,

YouTube - a massive collection of unlicensed clips of the chapelle show and misc drunken bullshit.

[Tom Yossarian Joad]

7. Guess it matters what search terms you use?

[hang a left]

11. lol

[tkmorris]

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.

[Placebo]

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.

[malmapus]

19. ROCK LOBSTER

http://www.youtube.com/watch?v=aU4YrqKEZdo

[sofa king]

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.

[Stu DeBeouf]

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.

[rocktivity]

9. Oh, what a sig graphic!

Bad Stu DeBeouf! BAD!!!

:spank:
rocknation

[slaveplanet]

10. I believe this is the real reason for this move

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.

[puffthemagicdragon]

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.

[TheBaldyMan]

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:

[silko]

16. deleted

[silko]

17. You can get all Simpsons/South Park cartoons

here

http://tvlinks.50webs.com/South%20Park_links.html

http://tvlinks.50webs.com/The%20Simpsons_links.html

Play them, get the flv file out of the cache, download FLV player

http://www.download.com/FLV-Player/3000-2139_4-10467081.html

and you have them.

[cyberpj]

14. And just last month: "Google 'eager' to work with Republicans"

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_eager_to_work_0914.html

[NashVegas]

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/

[Xenotime]

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.