Google purchases YouTube for $1.65 billion
{{date|October 9, 2006}}
[[File:YouTube logo.svg|right|125px]]
On Monday, October 9, 2006, [[w:Google|Google Inc.]] announced its decision to purchase [[w:YouTube|YouTube]], the popular video-sharing site, for $1.65 billion in stock. Following the closure of the deal, YouTube will operate independently, "to preserve" its user community and its brand, the announcement said.

[[w:Eric Schmidt|Eric Schmidt]], CEO of Google stated "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. 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."

"We are excited to have the resources to move faster than ever before," co-founder [[w:Chad Hurley|Chad Hurley]], YouTube's 29-year-old CEO, told the [[w:Associated Press|Associated Press]] during a Monday interview.

100 million videos are watched on the YouTube's flash based site every day, including professional movie and TV clips and music videos, as well as amateur content.

{{haveyoursay}}
== Sources ==
*{{source-pr|url=http://www.google.com/press/pressrel/google_youtube.html
 |title=Google To Acquire YouTube for $1.65 Billion in Stock
 |pub=Google, Inc.
 |date=October 9, 2006}}
*{{source|url=http://www.freep.com/apps/pbcs.dll/article?AID=/20061010/NEWS09/610100355
 |title=YouTube deal gives Google video appeal
 |author=Mike Wendland
 |pub=Detroit Free Press
 |date=October 9, 2006}}
*{{source|url=http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20061010/google_buyout_061010/20061010?hub=SciTech
 |title=Google grabs a chunk of the video-sharing craze
 |author=
 |pub=CTV
 |date=October 9, 2006}}

{{publish}}
{{archived}}

[[Category:Google]]
[[Category:Internet]]
[[Category:Computing]]
[[Category:Economy and business]]
[[Category:California]]
[[Category:United States]]
[[Category:North America]]
[[Category:YouTube]]

[[ca:Google compra Youtube]]
[[it:Google acquista You Tube]]
[[ja:米グーグル、動画投稿サイトのYouTubeを16億5000万ドルで買収]]
[[pt:Google compra YouTube por $1,65 bilhão]]
125px
On Monday, October 9, 2006, Google Inc. announced its decision to purchase YouTube, the popular video-sharing site, for $1.65 billion in stock. Following the closure of the deal, YouTube will operate independently, "to preserve" its user community and its brand, the announcement said.

Eric Schmidt, CEO of Google stated "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. 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."

"We are excited to have the resources to move faster than ever before," co-founder Chad Hurley, YouTube's 29-year-old CEO, told the Associated Press during a Monday interview.

100 million videos are watched on the YouTube's flash based site every day, including professional movie and TV clips and music videos, as well as amateur content.


ca:Google compra Youtube
it:Google acquista You Tube
ja:米グーグル、動画投稿サイトのYouTubeを16億5000万ドルで買収
Google compra YouTube por $1,65 bilhão
Google Internet Computing Economy and business California United States North America YouTube