Tech News

Google acquires YouTube for $1.65 billion

Posted on October 10, 2006. Filed under: Tech News |

YouTube went live in December 2005. Today, Google announced it bought the company for $1.65 billion in stock.
The deal, assembled at top speed, will be a stock-for-stock transaction. Following the acquisition, YouTube will operate independently to preserve its successful brand and passionate community.
YouTube will continue to be based in San Bruno, Calif., and all its [...]

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