Google Buys YouTube for $1.65 Billion
The two fellas who founded YouTube have got to be doing the happy dance today…they just got $1.65 billion dollars richer. Reuters reports that, as speculated, Google just bought YouTube.
Mark Cuban has a good post on why he thinks this purchase is a bad idea from before the anouncement (copyright issues). And a post from after. Of course, he might just not want there to be another member of the Young Billionaires club.
Crazy, eh?
[Update - Chad and Steve, YouTube's co-founders, post a video about the acquisition...they seem a little giddy for some reason...]
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