Posted on 10/06/2006 1:36:47 PM PDT by BenLurkin
SAN FRANCISCO (AFP) - The YouTube video-sharing website and Google internet giant sternly declined to comment on reports that they were discussing a 1.6 billion dollar takeover by Google.
YouTube workers ejected a television news camera crew that made its way into the popular website's non-descript office in the heart of San Francisco.
"We do not comment on rumor and speculation," said Google spokesman Jon Murchinson.
The young website was in the spotlight as the result of a Wall Street Journal report citing an inside source as saying Google was courting YouTube to the tune of 1.6 billion dollars.
The discussions between the companies remained "delicate" and could be stopped, the daily newspaper quoted the source as saying.
The report reinforced rumour that circulated in financial markets and the weblogs of high-tech industry watchers.
On the TechCrunch weblog, Michael Arrington claimed to have received an e-mail from "a very good source" indicating that Google's acquisition of YouTube was in its final stages.
YouTube soared to online popularity after its launch in February of 2005. The company claims that more than 100 million videos are watched daily by visitors to the free website, which features content provided by users.
The challenge for YouTube has become finding ways to make money off its broad range of online visitors, according to analysts.
By purchasing YouTube, Silicon Valley based Google would be able to apply its proven prowess for generating revenue through online advertising.
It would also be a formidable alliance of two of the Internet's major video sharing sites.
YouTube is worth 1.6 billion? Are we seing a new .com bubble in the making?
Hmmm ... that doesn't seem right.
Be back in a bit.
My point is, I've used Google a s asearch engine for years. I could not accurately name one company who advertizes on it without looking. Same for YouTube, though I rarely go there. Then again, I don't think I've ever spent money as a result of an internet ad.
Isn't this the guy (YOUTUBE) who said recently he would not sell, that he had enough money?
Well, hard to believe but . . .
EBAY has a market cap of $41 billion.
Yahoo's market cap is $35 billion
Google's is $127 billion so . . .
Often times these sales are based on stock options and not actual cash. The dollar amounts are usually estimated values based on projected future performance.
A friend of mine "sold" part if iFilm a couple years ago and the press releases quoted many millions of dollars, but in the end she wound up with nothing when the thing failed to generate the "projected" earnings.
Yes. I've never "clicked" on any internet ads (not intnetionally).
It may very well be a bubble in the making.
Insane. I really can't believe advertisers throw that much money at them. EBAY, maybe but the rest? Sounds awfully bloated.
Paging Mark Cuban.
Isn't Google talking about hosting their own streaming video service? This may be a case of snapping up a competitor just to shut it down and break it apart. $1.6 billion is chump change to Google - they could probably find that under the sofa cushions in the employee break room.
Try www.Dogpile.com to search.
It would stand to reason that Google would want to buy out YouTube since they are very liberal, pro-jihad....
Or get their hands on the proprietary technology.
Good point.
What proprietary technology? A server farm the size of a football field?
That too, not to mention getting hold of the content, deleting everything they find "objectionable" (i.e. conservative and anti-Muslim) and then putting the rest up as their own.
but with Google, algore can reinvent history.
but with Google, algore can reinvent history.
Foolish dot com logic
Note to self, don't invest in Google
TT
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