Wednesday, June 03, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
HP's Futuristic 'Machine' Computer To Reach Software Developers Next Year
Samsung Licenses ARM's Mali GPUs
New Aquaris E5 HD Ubuntu Edition Smartphone Launches in Spain
Computex: ASUS Showcases Pen Stick PC Powered By A Cherry Trail CPU
Apple Is Recalling Beats Pill XL Speakers
IBM Buys Blue Box to Accelerate Open Hybrid Clouds
Yahoo Gives Advertisers Fraud Verification Tools
Fujifilm and imec Demonstrate Full-color Organic light-emitting diodes With photoresist technology for organic semiconductors
Active Discussions
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
cdrw trouble
 Home > News > General Computing > Google ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, November 14, 2006
Google Closes YouTube Deal


Google said on Tuesday that it closed its $1.65 billion acquisition of top online video-sharing site YouTube, setting a new record in the valuation for user-generated media sites.

In a statement, Mountain View, California-based Google said it had issued 3,217,560 shares to pay for YouTube. It also paid restricted stock units, options and a warrant that can be converted into 442,210 shares of Google's common stock.

The $1.65 billion stock deal included around $15 million in funding which Google provided to YouTube between signing the deal in early October and closing the deal this month.

YouTube has enjoyed explosive growth over the past year and in the process, pioneered a new grassroots online video star-making system, as Web viewers seek out short-form comic sketches created by other users. San Bruno, California-based YouTube says it serves up more than 100 million videos a day.

But its popularity has also been fueled by the widespread availability of copyrighted TV episodes and music videos for which media companies say they should be compensated.

Media industry sources in recent weeks have said that some portion of the price paid by Google would be reserved to settle potential copyright infringement suits aimed at YouTube.

Meanwhile, Google and YouTube have said they are racing to strike deals with video producers that would allow them to share in revenue when such programming appears on YouTube.

YouTube Co-founder and Chief Executive Chad Hurley said that Google's backing will provide his company with the flexibility to continue to offer innovative services, but also emphasized that the company would remain independent.

Speaking at a Stanford University conference on Saturday, Google Chief Executive Eric Schmidt was asked whether the YouTube deal was evidence of a new stock market bubble comparable to the late 1990s dot-com era.


Previous
Next
AMD Uses Graphics Processor For High-performance Computing Applications        All News        DaTARIUS Opens Office in China
Microsoft offers patches for seven 'critical' flaws     General Computing News      Google Earth Maps History

Get RSS feed Easy Print E-Mail this Message

Related News
Google To Offer More Privacy Controls
Project Tango's World-sensing Cameras To Come In Qualcomm's Reference Phone Designs
Google Tries To Make Wearables Smarter
Google Unveils Android M at Annual Conference
Google Cardboard VR Gadget And New Android Version Among I/O Highlights
Google To Unveil New Web Photo Tool
Google app To Show Tweets
Google To Add 'Buy' buttons to Search Results
Google Disclosed More Data In Its Transparency Report
Google Admits That Its Self-driving Cars have Been Engaged In Accidents
Google Lets You Order A Pizza Through Mobile Search
Google Opens Its BigTable Technology To The Public

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 .