Monday, June 26, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Parts of Windows 10 Source Code Leaked Online
Hackers Attacked U.K. Parliament
Google Promises to Stop Reading Your Emails in Gmail
BlackBerry's Software and Services Sales Fell in Q1
Handsets Expected to be Largest Market for ICs
G.SKILL Announces New DDR4 for the Intel X299 HEDT Platform
Toshiba Open to Further Talks With Western Digital About Chip Unit Sale
Foxconn Confirms US Investment Plan
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 For Jobs Gives Americans Easy Access to More Job Listings
Google Takes Steps to Remove Extremist Content on YouTube
Google to Make its Own SoCs for Tablets and Smartphones
Google Set to Take a Lead in Market of Digital Assistants
Google To Employ Machine Learning To Ad Analytics
Google Dedicates Second Day of Google I/O on Daydream, Tango, and Developer tools for VR and AR
Google I/O: Google Digital Assistant Coming to iPhone, Android O, Android Go, New TPU and VR
Google to Bring Digital Assistant To Third-party Hardware, Including the iPhone
Google Becomes More Flexible When it Comes to Banning Adsense Publishers
New Google Pixel Phone Could By Made By LG
Google Buys Successful VR Game Studio Owlchemy Labs
Google Tightens OAuth Rules to Block Phishing

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .