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Google spends $1.65 Billion for YouTube. Is Video The Way To Go?
10/9/2006 4:57:51 PM
Google snaps up YouTube for $1.65 Billion

SAN FRANCISCO - Google Inc. is snapping up YouTube Inc. for $1.65 billion in a deal that catapults the Internet search leader to a starring role in the online video revolution.

The all-stock deal announced Monday unites one of the Internet's marquee companies with one of its rapidly rising stars. It came just hours after YouTube unveiled three agreements with media companies in an apparent bid to escape the threat of copyright-infringement lawsuits.

The price makes YouTube, a still-unprofitable startup, by far the most expensive purchase made by Google during its eight-year history.

Although some cynics have questioned YouTube's staying power, Google is betting that the popular Web site will ...

For the restof the article:
http://news.yahoo.com/s/ap/20061009/ap_on_bi_ge/google_youtube

As you see, even Google is seeing video as the wave of the future.

You can start your own Video Business. Click here to find out more.

Kenneth R Sword Jr
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Larry Blethen

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Re: Google spends $1.65 Billion for YouTube. Is Video The Way To Go?
10/10/2006 5:33:04 AM
hello Kenneth....wow...thanks for the update...Google just never stops...Larry
Larry Blethen http://www.bluelight-marketing.com larry.blethen@bluelight-marketing.com, 304-369-5603
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Re: Google spends $1.65 Billion for YouTube. Is Video The Way To Go?
10/10/2006 1:37:06 PM

Fantastic.  I had recieved a  brief a week ago about their intents, and was amazed that they would go with this.  However, I do see it as a leveraging effort that falls in line with their past moves.  I do believe they will make it profitable in the long run.

 

Thank you.

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