Google Buys YouTube For $1.65 Billion

It was only a matter of time before someone did, although I though Yahoo would do it. I’ve been so busy that I missed out on this news until I read it on Steven’s blog.

From Yahoo news:

The price makes YouTube Inc., a still-unprofitable startup, by far the most expensive purchase made by Google during its eight-year history. Last year, Google spent $130.5 million buying a total of 15 small companies.

Which leaves Yahoo playing catch-up:

Google’s YouTube coup may intensify the pressure on Yahoo to make its own splash by buying Facebook.com, the Internet’s second most popular social-networking site. Yahoo has reportedly offered as much as $1 billion for Palo Alto-based Facebook during months of sporadic talks.

“Yahoo really needs to step up and do something,” said Roger Aguinaldo, an investment banker who also publishes a dealmaking newsletter called the M&A Advisor. “They are becoming less relevant and looking less innovative with each passing day.”

Read full news here.

Related posts:

1. Earn Money with Google Video Units
2. Google Sites Is Live – Get Your Google Sites Account Now
3. Embed YouTube Videos Easily With Windows Live Writer
4. WP Video Tube – Post YouTube Videos To WordPress
5. The Google Sandbox Effect on Your Blog SEO