Thursday, July 30, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Researchers Showcase Javascript-based Attack On a Computer's DRAM
Hackers Used Twitter hashtags To Extract Data From Compromised Networks
Facebook Unveils New Security Checkup Tool
Court of Appeals Rejects Google's Move To Overturn Microsoft's Patent Royalty Victory
Toshiba Expands Lineup of Phase Detection Auto-Focus-equipped CMOS Image Sensors for Smartphones
Sony Profit Rises Following Demand For Mobile Cameras
Facebook Profit Fell In 2Q
Galaxy S6 Sales Not Enough To Keep Samsung's Profit High
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 Home > News > General Computing > Google ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, October 11, 2006
Google paid stunning YouTube price: Time Warner CEO


Google paid a "knockout" price that traditional media companies could not have matched when it bought video entertainment site YouTube for $1.65 billion, the chairman and CEO of Time Warner said.

"The AOL guys would've loved to have got YouTube. We looked but decided AOL has not only better technology but it's also in-house," said Dick Parsons, CEO of Time Warner, which owns AOL.

"Here are lots of reasons why we did not go to the Google level (on price). YouTube has no earnings. How do you convince the market you can make money? Google can do that better than anyone and I didn't have Google dollars," he told reporters at a media conference.

Web search leader Google 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. "It's a stunning price, a stunning story. You have to tip your hat to the founders. It's a knockout price," Parsons said on the sidelines of the MIPCOM conference in Cannes.

"Some of these sites are working, most are not. Whether it will be a value-adding asset remains to be seen. But note the acquirer. For us and traditional media companies this would be a tough, tough price. But for Google it's in their sweet spot." Parsons said Google wanted to acquire anything that generates traffic and said he saw the firm as a partner.

"Google is misunderstood a lot, as seeming to want to dominate the Internet. They see themselves as an enabler, not a portal. They acquire as much web traffic as they can and monetize it based on their technology," he said.

"AOL is more the Yahoo! model. It's the second biggest platform in the U.S. We use Google to help monetize the traffic. We think we are in congruent, not overlapping, space. We can be good partners for a long time to come."


Previous
Next
Time Warner sells AOL UK in final overhaul of European ops        All News        T-Mobile unveils phone with keyboard, Wi-Fi
Time Warner sells AOL UK in final overhaul of European ops     General Computing News      Google combines Writely and Spreadsheets

Get RSS feed Easy Print E-Mail this Message

Related News
Court of Appeals Rejects Google's Move To Overturn Microsoft's Patent Royalty Victory
Google Relases New Consent Policy in European Union
Google Announces Changes To Google Plus
Google Cloud Storage Nearline Offers 6PB Of Free Cloud Storage
LG Electronics Denies Take Over Rumors By Google
Google, Facebook And Amazon Keep Spending A lot On Lobbying
Google Could Move Into the Home-Services Market
Google Reports Confirms Serious Accident With Self-driving Car
Google Glass Could Resurrect In A Business Environment
Google's Strong Profit Driven By Wealthy Ad Business
Google Unveils Buy Button on Ads
Google Releases Smartphone Location Tracking Tools

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .