Google acquires YouTube.com
Google makes headlines today as it buys YouTube.com for a $1.65 billion all stock deal.
The Google/YouTube rumor was a hot one this weekend, with every major financial news outlet, and basically any blog caring about the internet, was reporting about.
Google, which runs Google Video, a searchable database of video’s very similar to the YouTube.com sensation is purchasing YouTube.com while the company isn’t making a dime! That’s right, YouTube.com isn’t making a profit yet.
Google, making the bulk of it’s money from the online advertising industry is obviously looking into Youtube.com’s user base and the fact that a lot of made for internet commercials and self-made miniseries are making a dent in the television advertising dollars. Take for instance the Youtube.com sensation of lonelygirl15 Her story was picked up by all the major news outlets in the states, and many many worldwide as well. That’s some free publicity, both for lonelygirl and for youtube.com.
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