Google buy YouTube

Posted by: Marketing Guy Date posted: October 9th, 2006 Published in: Google

The rumours were right - Google have just announced the acquisition of YouTube for $1.65 billion in stock.  Full press release here.  Not too bad for a company setup 18 months ago! :)

It seems YouTube will continue to operate independently “to preserve its successful brand and passionate community”.  I would assume though that there will be some kind of integration into Google Video as well.

MG

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