Ahh…Life is Good for Chad and Steve - Google gave them $1.65 billion
Posted by Jack Cook on 10/10/06 in The Internet
Google Inc. has agreed to purchase YouTube Inc. for $1.65 billion …WHEW!!!
What can we say…the boys did it and they did it big.
Eric Auchard has reported that web search leader Google Inc. said on Monday it had agreed to acquire YouTube Inc. for $1.65 billion in stock, the highest price yet paid for a consumer-generated media site. There was a moment in time when they were just thinking about staying independant…I’m glad they decided to let that only be a moment in time.
YouTube grew in 19 months from a garage enterprise to a service that has 100 million videos daily…quite a feat! Now with Google in the drivers seat, it remains to be seen just where and how far it will now go but I would anticipate that with Googles resources, you will see some incredible changes.
“YouTube’s 29-year-old Chief Executive Chad Hurley told Reuters in an interview that what had sold him and co-founder Steve Chen, 27, on Google was their belief its resources and engineering talent could help them realize their goal of delivering the most entertaining online video experience. “ I tend to believe that the thought of being set for the rest of your life had a great deal to do with it……
I wonder if Chad read my comment the other day when I said: Chad, wake up…the ride won’t last forever.
Source: Google to buy YouTube for $1.65 billion - Yahoo! News
Written by Jack Cook · Filed Under The Internet
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