Google To Acquire YouTube for $1.6B
By Jason Drohn • Oct 7th, 2006 • Category: technologyThe 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
Jason Drohn is a blogger, business owner and consultant concerned with helping others build their businesses. So far, he has founded Tech Solution, Axiium, JDsBlog, and a host of other properties both on and off the web.
Email this author | All posts by Jason Drohn
Will they merge YouTube with Google Videos or will they keep it standalone ?
I think Google will rename Youtube to GooTube
Read this: http://forums.digitalpoint.com/showthread.php?t=155269
That is a good link. Gtube is entirely possible buy I would be surprised if they renames it at all. Youtube has a strong brand name already, but them renaming it to Gtube is entirely possible. There aren’t too many places in the world that haven’t heard of Google.
This is an incredibly bad decision in my opinion. I LOVE YouTube, but my wife is a lawyer and this is a lawsuit waiting to happen. (Actually, there already have been several). My guess is it will be shut down or regulated so heavily that it will be virtually unusable. Right now TV shows have been appearing on YouTube, including last Wednesday’s new South Park (best episode ever!). Networks are going to start sueing YouTube as well I think if they don’t get some sort of control on the stuff appearing on there.
Hopefully Google can make something out of it, but I think its a bad decision for the moment
I think so too Kyle. I really don’t understand why Google might be making the move because they have a pretty good video engine as it is. I have seen quite a lot of issues with copyrighted material up on YouTube and that can only go on for so long. Maybe they think the venture capital will pay for it. Either way, it is a bad decision from where I am sitting.
they will either delete it or paid the industry for lost because of copyright infringement. I think it is a long-term strategy for Google.