Google in talks to buy YouTube
Google is reported to be in talks to buy popular video-sharing website YouTube for $1.6bn (£856m).
The Wall Street Journal said discussions between the two sides were at a sensitive stage and the talks could break up, neither Google nor YouTube have made any comment on this as of yet.
Founded by three former employees of eBay’s PayPal electronic payment unit, YouTube has denied previous rumours of a takeover.
YouTube chief executive Chad Hurley said earlier this year that the company was not for sale and a future share flotation was possible.
Launched in February 2005, YouTube has grown quickly into one of the most popular websites on the internet, with 100 million videos viewed every day.
But a potential future problem for YouTube and any buyer, is that a great many users put up their favourite music videos and film clips, for which they have not gained copyright approval.
Via: BBC News
4 thoughts on “Google in talks to buy YouTube”
TWShadow101 October 12, 2006 at 1:45 am
Darren!! Long time since I have been to your site. I heard about this on the news last night, it is a huge buy for Google. Although, YouTube has a lot of problems and a lot of copyright issues. So I dont know if its a smart choice but if anyone can clean it up its Google. I can’t wait to see what Google might have planned for YouTube.com
Darren Straight October 12, 2006 at 8:42 am
Hey long time no talk!
And yeah its pretty WOW in terms o how much it was bought for but like you say it does have a lot of problems with it, and some people are even angry that Google bought it as they are starting to be greedy!
TWShadow101 October 12, 2006 at 7:20 pm
Naaahhh I dont think Google is being greedy, now look at Microsoft and how much they have. I think Google is just trying to compete. 😉
Darren Straight October 12, 2006 at 8:04 pm
But you are forgeting how long Microsoft as been around for!
You know what Googles motto is right! 😛