Tuesday, October 10, 2006
Google purchases Youtube.com for a clearly exhorbitant sum of 1.6 billion
Larry Page, left, and Sergey Brin, two founders of Google, are hoping the profit potential of YouTube will outweigh the liability potential.
Big Bets, Uncertain Payoffs
Adding On to the House of Google (October 10, 2006)
Google, the online search behemoth, agreed yesterday to pay $1.65 billion in stock for the Web site that came out of that party — YouTube, the video-sharing phenomenon that is the darling of an Internet resurgence known as Web 2.0.