Wednesday, May 04, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Sony Releases New Home Audio Products
HDD Sales Fall, Capacities Rise
Sony's Future Camera Could Be in The Form Of A Contact Lens
HP Refreshes The Pavilion PC Line-up
Intel and Oculus Bring Virtual Reality to Best Buy Stores
NVIDIA And Samsung Agree to Settle IP Litigation
Samsung Develops 3rd Generation 14-Nano FinFET Low-power Process
IE Loses Top Web Browser Spot to Chrome
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
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's Pichai Sees the End of Computers
AT&T To Take On Google Fiber With Super-Fast Broadband Services
Microsoft, Google Drop Complaints Against Each Other
Ad Business Keeps Fuelling Google's Alphabet Profit
Europe Sends Statement of Objections to Google on Android And Applications
Google Is Facing Charges Over Android
Supreme Court Lets Fair Use Ruling Stand in Google Books Litigation
Google Wants To Get Your Home Phone On Google Fiber
French Data Wathdog Fines Google Over 'Right to be Forgotten'
Russian Court Says Google Violated Antimonopoly Legislation
Google's AlphaGo AI Machine Defeated in Fourth Game
Google's AlphaGo Wins S. Korean Go Player Again

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .