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YouTube is now a part of Google |
This deal has been in the rumour domain for long. But finally its a deal today! Google acquired YouTube for a whooping $1.65 billion, winning over Yahoo in a close bid. For today it looks like google is on a rampage to be the WWW leader.
The Press Release:
MOUNTAIN VIEW, Calif., October 9, 2006 - Google Inc. (NASDAQ: GOOG) announced today that it has agreed to acquire YouTube, the consumer media company for people to watch and share original videos through a Web experience, for $1.65 billion in a stock-for-stock transaction. Following the acquisition, YouTube will operate independently to preserve its successful brand and passionate community.
The acquisition combines one of the largest and fastest growing online video entertainment communities with Google’s expertise in organizing information and creating new models for advertising on the Internet. The combined companies will focus on providing a better, more comprehensive experience for users interested in uploading, watching and sharing videos, and will offer new opportunities for professional content owners to distribute their work to reach a vast new audience.
Here is the Webcast.
Recently Microsoft released a Beta version of Soapbox to compete YouTube. Now it will surely be a tougher task to beat the net giant!
POST SPONSORED BY: YouTube.com videos
Hi, you can try AapkaVideo, a new online video service that allows you to watch, upload and share videos with others. AapkaVideo is a totally free online service aimed at Indian users.
Edited By: Aseem N (\”No Advertising Please!\”)