Techcrunch, and the Wall Street Journal are reporting that Google is in the final stages of acquiring YouTube for 1.6 BILLION dollars, or 2.75 MySpaces if you are scoring at home. Given Youtube’s crippling bandwidth costs, the infrastructure that Google has in place, not to mention the ramp up of Google Video and Google Video ads, this would certainly make sense. Oh, and Google supposedly has $10 BILLION in the bank, which doesn’t hurt either.
The best line in all of this, by far, comes from the Tech Crunch article who reports that the rumors are
40% likely to be at least partially true
Just like Sex Panther, sixty percent of the time, it works every time.
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October 6th, 2006 at 4:53 pm
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