NEWS: Google Has Acquired YouTube
News/Social Networks/Video/Michael Arrington
Found on: Techcrunch.com
Moments ago the deal was confirmed. In their largest acquisition to date, Google has acquired YouTube for $1.65 billion in an all stock transaction. Both companies have approved the deal, which should officially close in the fourth quarter. YouTube’s 65 employees will remain with the company at YouTube’s San Bruno headquarters.
Details are also emerging that Yahoo was in the bidding war until very close to the end.
Google is hosting a conference call and webcast to discuss the deal. It is just starting now. You can hear it live at http://investor.google.com/webcast.html. If you miss it live, a replay of the call will be available until midnight Monday, October 16 at 888-203-1112 domestically and 719-457-0820 internationally.
Found on: Techcrunch.com
Moments ago the deal was confirmed. In their largest acquisition to date, Google has acquired YouTube for $1.65 billion in an all stock transaction. Both companies have approved the deal, which should officially close in the fourth quarter. YouTube’s 65 employees will remain with the company at YouTube’s San Bruno headquarters.Details are also emerging that Yahoo was in the bidding war until very close to the end.
Google is hosting a conference call and webcast to discuss the deal. It is just starting now. You can hear it live at http://investor.google.com/webcast.html. If you miss it live, a replay of the call will be available until midnight Monday, October 16 at 888-203-1112 domestically and 719-457-0820 internationally.
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