Google buys YouTube for $1.65 billion!
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Published October 10th, 2006 in Internet, Noteworthy, Software, Technology, Web 2.0
Yesterday Google announced what I think is the biggest news of the month, they bought YouTube. Yep, Google acquired another Web 2.0 company (remember Writely), this time for a massive $1.65 billion USD. And to think that some companies laughed at the thought that YouTube could ever be worth so much. I think most of us anticipated this move, as there had been a lot of buzz about this over the last week.
Google organised a short press conference call after the press release, which can be heard here. Read on for the full Google press release, and see TechCrunch’s post for the main notes of the call.
YouTube founders Chad Hurley and Steven Chen, have posted a video onto YouTube just to give a shout out to everyone on their thoughts, and what they hold for the future.
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