Holy Purchase Batman! Google Buys YouTube for how much?
Written by George Manty · October 9, 2006
Oh my goodness, Google bought YouTube for $1.65 Billion dollars.
Yes, you read that right, 1.65 Billion Dollars!
Wow! Google sure has more faith in YouTube’s growth potential than I do. I guess they must think that they can make a ton of money putting adsense all over the site.
I know YouTube was a great idea, but competitors have sprouted up all over the place. This purchase goes to show that Google has got to believe video is the future of the net… something to keep in mind.
Google just wants to own everything. Its doesn’t matter what they pay for it as long as the stock holders had enough to cover.