Google Buys YouTube, Spends $1.65 Billion
By Saulo, 5 years, 7 months ago in Technology. No Comments
After several offers from many sources, Google finally closed the deal yesterday.
Google has agreed to purchase popular video sharing site YouTube for $1.65 billion in stock, the two companies announced after the close of the stock market Monday. The deal marks the largest acquisition for Google in the company’s eight-year history.
I’m afraid that this acquisition will be just a merger with Google Video and YouTube will lose its unique user experience. Hopefully this won’t happen:
YouTube will retain its brand name and offices in San Bruno, Calif., the companies said, and all YouTube employees will keep their jobs. The acquisition is expected to close before the end of the year.
Source: BetaNews