The Wall Street Journal reported that Google is indeed in talks to buy YouTube for $1.6 billion, according to TechCrunch.
We all knew that YouTube would be bought out eventually, although Google was an unlikely entrant. It should be interesting to see how the new relationship, if indeed the rumors are accurate, will play out.
One thing though, I received a ton of criticism for one of my previous articles which outlined web 2.0 success, The Facebook Acquisition (Mark Zuckerberg). Following a lot of traffic links at the time, I found that a lot of people downright disagreed with me, calling Zuckerberg’s actions absurd. They criticized me for supporting him in such a way.. The same holds true for YouTube though. So much money following so few ideas.
All I have to say is this, quoting from my previous article concerning Yahoo’s $1 billion offer:
The situation is truly priceless. First of all, the money will be there on Monday morning. And who knows, it may have gone up by then. He might get $1.5 billion! People are bashing him for being arrogant and not taking the cash and running like a fool, but what does he truly have to lose?
Enough said…
tags: yahoo, google, youtube, business, technology, video, bloggers, acquisition
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