Google To Acquire YouTube for $1.65 Billion in Stock

MOUNTAIN VIEW, Calif., October 9, 2006 – Google Inc. (NASDAQ: GOOG) announced today that it has agreed to acquire YouTube, the consumer media company for people to watch and share original videos through a Web experience, for $1.65 billion in a stock-for-stock transaction. Following the acquisition, YouTube will operate independently to preserve its successful brand and passionate community.
Read the full press release here…

Later edit | The movie presented by the YouTube founders and a very interesting comment below this movie on the official website: ‘Google didn’t buy YouTube, the US Goverment paid Google to aquire YouTube…’ – anyone care to comment? Was this a threat to homeland security?
🙂

Later that day, the most viewed movie on the YouTube, was this one:

Ted Turner (CNN founder) says he can’t pick sides in War on Terror

Imagine the wonders YouTube will make in the up coming presidential campaign…