Stocka Posted October 9, 2006 Share Posted October 9, 2006 http://www.elektriq.com/articles/google-buys-youtube Google has agreed to acquire YouTube for $1.65 billion in a stock-for-stock transaction. YouTube will operate independently to preserve its brand and community. Google announced today that it has agreed to acquire YouTube, the consumer media company for people to watch and share original videos through a Web experience, for $1.65 billion in a stock-for-stock transaction. "The YouTube team has built an exciting and powerful media platform that complements Google's mission to organize the world's information and make it universally accessible and useful,†said Eric Schmidt, Chief Executive Officer of Google. “Our companies share similar values; we both always put our users first and are committed to innovating to improve their experience. Together, we are natural partners to offer a compelling media entertainment service to users, content owners and advertisers.†“Our community has played a vital role in changing the way that people consume media, creating a new clip culture. By joining forces with Google, we can benefit from its global reach and technology leadership to deliver a more comprehensive entertainment experience for our users and to create new opportunities for our partners,†said Chad Hurley, CEO and Co-Founder of YouTube. “I’m confident that with this partnership we’ll have the flexibility and resources needed to pursue our goal of building the next-generation platform for serving media worldwide.†Watch out microsoft! Link to comment Share on other sites More sharing options...
Twozzok Posted October 9, 2006 Share Posted October 9, 2006 Well at least YouTube will now have enough money to pay for their hosting in 3 months time And they won't get sued for all their content. Now they have like a $300b buffer. Link to comment Share on other sites More sharing options...
Zell Posted October 9, 2006 Share Posted October 9, 2006 So what does this mean for google video? Link to comment Share on other sites More sharing options...
Guest Jordan Posted October 9, 2006 Share Posted October 9, 2006 It'll be merged into one site no doubt. But this means no more anime, music videos etc. on there anymore. Link to comment Share on other sites More sharing options...
Nintendork Posted October 9, 2006 Share Posted October 9, 2006 YouTube has done fucking nothing to make it easy to organise? Have they seen their pages.. they are cluttered with adverts and links to poorly meta linked videos. Google will no doubt streamline and clean it up, make it more reliable. But YouTube really has done well.. they built rome in a few years. For Microsoft to worry AOL + Yahoo! and Google would have to get together to take on Microsoft. I don't see that happening with AOL's huge empire. They got an okay deal, Google video will be merged.. the YouTube name will no doubt get rebranded over time as to not confuse. Link to comment Share on other sites More sharing options...
Twozzok Posted October 9, 2006 Share Posted October 9, 2006 No it won't be merged... there was a press release saying it's staying as a seperate site. Also, I don't think they'll be cutting out the illegal content until they get sued or something, I mean, they surely know thats what makes it popular, the fact people can just upload stuff. Link to comment Share on other sites More sharing options...
Nintendork Posted October 9, 2006 Share Posted October 9, 2006 Hmm, interesting. Yahoo! did let flickr keep it's branding.. but they said that about Konfabulator too: now known as the tasteful 'Yahoo! Widgets' Google is a bigger name, even than YouTube.. it would be wise for there to be some cross over. But maybe that's part of the owners terms. They came up with YouTube and they want it kept. Link to comment Share on other sites More sharing options...
Twozzok Posted October 9, 2006 Share Posted October 9, 2006 Yahoo != Google Google is an advertising company. Thats what they're good at, not a content provider. E: Wait, Flickr was bought by Yahoo O_o Link to comment Share on other sites More sharing options...
Nintendork Posted October 9, 2006 Share Posted October 9, 2006 RupertMurdochSpace.com, formerly known as MySpace. I like it. Link to comment Share on other sites More sharing options...
Mokong Posted October 9, 2006 Share Posted October 9, 2006 i just hope they don't start charging us to upload vids, i've looked around other video hosting sites but i prefer Youtube, sure it's got it's problems but with the amount of hits and uploads it deals with on a daily basis its amazing they had things running as well as they did, i hope that all this buyout means is YT will have the finances to now hire people to sort out the bugs more efficently. I think the reason i perfer YT is of all the other "clones" of it YT has the best "community" feeling just like this forum (ok you get haters and fanboys but hey this is the net afterall its hard to keep the dumbasses out) (click my sig to my YT profile if you not been there yet) Link to comment Share on other sites More sharing options...
Caris Posted October 9, 2006 Share Posted October 9, 2006 Fuck youtube. Putfile for life. Link to comment Share on other sites More sharing options...
Cube Posted October 9, 2006 Share Posted October 9, 2006 i just hope they don't start charging us to upload vids Google Video is free, so why would they? I see YouTube just becoming more polished, while Google Video mainly used for purchasing videos. Link to comment Share on other sites More sharing options...
Mokong Posted October 9, 2006 Share Posted October 9, 2006 Google Video is free, so why would they? ah yeah i'm getting things confused , sorry that rumour was when people thought they wouldn't sell and charging fees would be their way to help pay for and maintain the servers, so i guess with googles money behind it that shouldn't happen Link to comment Share on other sites More sharing options...
BGS Posted October 10, 2006 Share Posted October 10, 2006 Well I'm really happy about this. Mainly because if anyone bought out youtube (and it was going to happen sometime soon) then i'd rather it be google than news corp or a company like that. I'm sure google will leave youtube pretty much how it is in terms of branding. I think they'll merge a lot of google video content into it and eventually, if anything, I think google video will bite the dust. Google bought out Blogger and that's pretty much stayed how it always used to be, albeit with better features and such. Link to comment Share on other sites More sharing options...
AshMat Posted October 10, 2006 Share Posted October 10, 2006 Egh, as long as they don't change it, google seem to be trying to make some kind of online monopoly. Link to comment Share on other sites More sharing options...
Shorty Posted October 10, 2006 Share Posted October 10, 2006 I wish I'd made YouTube. Link to comment Share on other sites More sharing options...
DCK Posted October 10, 2006 Share Posted October 10, 2006 Can't be long until Google OS now. That would really shake up the world Link to comment Share on other sites More sharing options...
Charlie Posted October 10, 2006 Share Posted October 10, 2006 Egh, as long as they don't change it, google seem to be trying to make some kind of online monopoly. Trying? They've got one already. They must be the biggest web-only company by now? http://en.wikipedia.org/wiki/List_of_acquisitions_by_Google http://en.wikipedia.org/wiki/List_of_Google_services_and_tools Look what they've got already. Link to comment Share on other sites More sharing options...
demonmike04 Posted October 10, 2006 Share Posted October 10, 2006 Meh..dont remove the anime..its great access when I cant be assed to torrent. Link to comment Share on other sites More sharing options...
James Posted October 10, 2006 Share Posted October 10, 2006 Google will no doubt streamline and clean it up, make it more reliable. Have you seen what google video is like compared to Youtube. Its messy and all over the place. Although Youtube made a stink load of money, I am gonna miss all the copyrighted stuff that gets posted on there. Link to comment Share on other sites More sharing options...
Cube Posted October 10, 2006 Share Posted October 10, 2006 Have you seen what google video is like compared to Youtube. Its messy and all over the place. I know, hopefully YouTube will lose all its messiness and become a bit more like Google Video in style. Link to comment Share on other sites More sharing options...
James Posted October 10, 2006 Share Posted October 10, 2006 I was saying google video is all messy and rubbish, it fell out the ugly tree and hit every branch. Link to comment Share on other sites More sharing options...
MoogleViper Posted October 10, 2006 Share Posted October 10, 2006 GooTube? I think this will make YouTube better. Link to comment Share on other sites More sharing options...
AshMat Posted October 10, 2006 Share Posted October 10, 2006 googtube. :p Link to comment Share on other sites More sharing options...
Mokong Posted October 10, 2006 Share Posted October 10, 2006 Chad and Steve (co-founders of Youtube) make a vid Link to comment Share on other sites More sharing options...
Recommended Posts