Rumors have turned out to be true. Google officially bought YouTube for $1.65 Billion, its largest acquisition yet. It will be a stock to stock transaction taking place in the 4th Quarter. YouTube will operate independently and keep its own brand name as well as offices.
YouTube has just over 60 employees and was founded in 2005 and has already a higher population reach than MySpace. Google will soon incorporate it's ad system into YouTube. How it all will play out in the future is still uncertain. YouTube is an active copyright infringement machine giving place to possible copyright lawsuits. Lawsuits or no lawsuits, Google will end up with an increase in profits and lay the foundation to their online video market dominance.
YouTube has just over 60 employees and was founded in 2005 and has already a higher population reach than MySpace. Google will soon incorporate it's ad system into YouTube. How it all will play out in the future is still uncertain. YouTube is an active copyright infringement machine giving place to possible copyright lawsuits. Lawsuits or no lawsuits, Google will end up with an increase in profits and lay the foundation to their online video market dominance.For official Google press release click here
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