Google buys YouTube

It is interesting to note though that there is no post on any of Google’s blogs about the Google purchase of YouTube for $1.65 billion (yes Marge, billion). I left this comment on another web site, and thought it might be of value here too:

And I am really confused with Google’s acquisition here. I don’t think we’ve seen Google do something like this before. Typically we only see Google purchases that get Google into a business. In this case, Google Video was an already existing competing product to YouTube with very similar technologies. Unless I’m missing something, YouTube has very little to offer Google with respect to technology. Video’s on YouTube have questionable ownership rights and so buying YouTube for the videos doesn’t make a lot of sense. YouTube is a fad, and so I think it would be disappointing for Google to dish out over a billion just for a name. What am I missing? What is really worth $1.6 billion that Google couldn’t do on its own?

Related posts

1. BYU continues to block YouTube
2. Did Google just change the world again?
3. Google and Yahoo deal fails
4. Advertising on Google code
5. Making money with Google Ads